East Providence Homeowners To See Average $130 Tax Increase

East Providence RI

01 June, 2020

4:22 PM

Description

EAST PROVIDENCE, RI — East Providence homeowners will see an average $130 annual increase in the property tax bills they should receive this week. The increase is based on a .57 cent increase per $1,000 in value — which equals an increase of $130 per $230,000. The East Providence Mayor's Office called it a "modest" increase. The new tax rate is $20.59 per $1,000 evaluation for residential properties, with a commercial tax rate of $25.33. The primary factor in the increase is a bond payment on the $189 million high school. The city is contributing $1.4 million from this budget to put toward a $6 million payment due to in 2022. The budget also includes increases in the school budget, public safety pension contributions, and four previously negotiated contracts. "While each community has its own financial realities and challenges, East Providence is on strong, fiscal footing as recently noted by Moody's Investors Service when it upgraded the city's bond rating to A1," the Mayor's Office said in a statement. "This modest tax increase will support ongoing essential services as well as future investments that will strengthen our community." This budget does not include accommodations for any shortcomings due to the coronavirus health emergency. Unlike many communities in the state, East Providence begins its budget process in May. "Our administration is committed to working with the (city) council to minimize future expense increases, while also finding innovative ways to spur economic development in our city, which will in turn provide future tax relief for all taxpayers," Mayor Bob DaSilva said. Payments may be made online via www.eastprovidence.net or at City Hall using the drop box located near the door on the Grove Avenue side of City Hall.