Taxes & Insurance in Richmond
Richmond applies Rhode Island's real, elevated statewide tax structure alongside a town-specific property tax rate this record discloses with full cross-source honesty.
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Learn moreRhode Island's real 2026 income and sales tax picture
Rhode Island's individual income tax runs a real, current three-bracket structure (3.75%/4.75%/5.99%, applying uniformly across filing statuses), with a flat 7% statewide sales tax and no local add-ons -- both apply in Richmond as statewide (base record).
Richmond's own effective property tax rate
Ownwell cites Richmond's median effective property tax rate at 1.47% -- modestly below Ownwell's own cited RI statewide median, and above this project's own RI state record's 1.35% anchor (base record).
A real, disclosed cross-source inconsistency
Ownwell's own cited Rhode Island statewide median rate runs inconsistently across its own town-level pages (1.48% vs. 1.45%) -- a real, disclosed inconsistency this record does not silently resolve (base record).
No Richmond-specific insurance figure confirmed
This record applies Rhode Island's own statewide homeowners-insurance range ($1,932-$2,196/year) absent a Richmond-specific figure -- a real, disclosed gap (base record).
Key takeaways
- Rhode Island's 5.99% top income tax rate and flat 7% sales tax both apply statewide in Richmond.
- Richmond's own 1.47% property tax rate sits modestly below the Ownwell-cited RI statewide median.
- A real, disclosed cross-source inconsistency exists in Ownwell's own cited statewide median figure.
- No Richmond-specific insurance premium was confirmed -- Rhode Island's statewide range applies.
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