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Have you found yourself wondering about the ins and outs of real estate taxes? An increase in property taxes often gets the interest of those affected. If you are wondering where these taxes go and what they do, take a look at what our Real Estate blogger Emilio DiSpirito has to say:
“According to WalletHub.com, when ranking states from lowest to highest in tax rates, 1 being the lowest and 50 being the highest, Rhode Island currently ranks 42! At an average of 1.61% the properties value, taxes are assessed per $1,000 of the real estate value.
In example: A $176,000 home in Rhode Island holds a real estate tax of roughly $2829 per year which is nearly six times the amount of property tax for the same house ($489 per year) in Hawaii. Hawaii is the #1 best state for lowest property taxes in the United States.” -Emilio DiSpirito 401-359-2338 or Click Here
