Taxes & Insurance in Block Island
Block Island applies Rhode Island's statewide income and sales tax picture alongside New Shoreham's real, disclosed lowest-in-state property tax rate and a genuinely elevated insurance-risk profile.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreRhode Island's real 2026 income and sales tax picture
Rhode Island's individual income tax runs a real, three-bracket structure (3.75%/4.75%/5.99% top rate), with a flat 7% statewide sales tax and no local add-ons -- both apply on Block Island as statewide (base record).
New Shoreham's real, lowest-in-Rhode-Island property tax rate
New Shoreham's 2026 rate ($4.26 per $1,000 assessed value, approximately 0.426%) is cited as the lowest of any Rhode Island municipality -- a real, disclosed advantage, though the dollar bill still runs substantial given the island's dramatically high home values (base record).
A real, disclosed elevated insurance-risk profile
No Block Island-specific homeowners-insurance premium was confirmed this pass; this record discloses honestly that Rhode Island's statewide range likely UNDERSTATES Block Island's actual risk, given the island's genuinely direct, unmitigated Atlantic exposure (base record).
Confirm current, address-specific insurance quotes directly
Given the island's real, disclosed elevated exposure and the general statewide finding that standard homeowners coverage excludes flood damage, confirm current quotes and NFIP flood-insurance cost directly with a carrier experienced in Block Island's specific market.
Key takeaways
- Rhode Island's 5.99% top income tax rate and flat 7% sales tax both apply statewide on Block Island.
- New Shoreham's property tax rate is cited as Rhode Island's lowest for 2026.
- Rhode Island's statewide insurance figures likely understate Block Island's real, elevated coastal-exposure risk.
- Confirm current, address-specific insurance quotes directly given this disclosed elevated exposure.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Block Island overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert