06/15/2026
"With Rhode Island property taxpayers already facing some of the highest property tax levels in the country, it’s concerning that several communities are raising taxes beyond the 4% cap," RIPEC President Michael DiBiase said with the report. "When we looked at local tax trends and who is impacted the most, it became clear that cities and towns are increasingly shifting a greater share of the burden onto landlords, renters, and businesses."
Another great reminder — a 4% tax cap does NOT refer to the increase made on each tax payer across the board. It is a cap on the total amount of property tax that may be collected by the municipality collectively. This is why some taxpayers like landlords face tax increases exceeding 40%. Regardless of if this is the appropriate approach, the costs are inevitably passed on in rent increases along with the many other expenses that have ballooned during rapid inflation. 💡
Seven communities exceeded the state's 4% cap on property tax hikes in the year ending June 30, says a Rhode Island Public Expenditure Council report.