BURRILLVILLE – With the price of real estate nationwide rising dramatically over the past few years, so too has the assessed value of properties in Burrillville, and a recently completed revaluation in town saw an average increase on residential lots of more than 30 percent.
The town hired Catalis Tax & CAMA – formerly known as Northeast Revaluation Group – last year to complete a statistical revaluation, a process required every three years by state law. The revaluation – which included inspections of lots that were sold and/or had permits issued in 2024 – aimed to determine the market value of all taxable properties in town as of December 31.
According to the recently published results, the average increase in value for single family homes in Burrillville is 32.05 percent, while two to five family homes have risen by 32.41 precent. Residential vacant property increased by 36.59 percent, and residential condominiums, 42.46 percent.
Commercial values also increased, but only by an average of 25.65 percent, according to Tax Assessor Jennifer Mooney.
“Since all assessed valuations are based on actual sales, changes in the market will gradually make assessments out of step with the real estate marketplace,” noted a release on the process sent out this week by Town Manager Michael Wood.
When Vision Government Solutions completed a statistical revaluation based on 2018 sales, real estate increased by an average of 16 percent overall.
Residents were notified of their properties’ new values in notices mailed out last week.
Wood noted that changes in property value do not equate to an increase on tax bills.
“It simply provides a basis for the fair distribution of the tax burden among all property owners,” he said.
Those who own property that saw a value increase higher than the average percent may get a higher tax bill, and those lower than the average may see a corresponding decrease.
But the town manager advised against trying to calculate bills using the current tax rate, as a new rate will be determined during the town’s budget process in June.
“Due to the overall increase in values, the tax rate will be adjusted downwards before any future budgeting decisions,” Wood said.
Property owners who hope to appeal their revaluation can request an informal hearing, and must be able to demonstrate that their appraised value exceeds the market value as of December 31, 2024. To schedule an appointment, contact Catalis Tax & CAMA at (401) 737-0300 between the hours of 9 a.m. and 4 p.m. by Friday, Feb. 28.
Appointments can also be scheduled online at www.catalisgov.com/nereval, but the online portal is not able to schedule appointments on multiple properties, so those with questions on more than one of their appraisals are advised to call Catalis.
Well that’s the reality of the way taxation works here in Rhode Island. A more favorable way would be to base the tax on the sales price of your home and then only raise the tax on that property 1 or 2% a year. This would help seniors out tremendously by not taxing them out of their home. As property prices rise and new sales occur tax collections for local cities increase. Everyone involved can plan accordingly.
The re-evaluation system is flawed and property owners get screwed by it.
There’s no way we could sell our home right now on the open market for what the Town now has the property validated at. Get ready folks, your tax bill is going to go up up up!
Haha how long until taxes go up. Texas is passing a bill to eliminate property tax. I think burriville should do the same.
If you’re going to comment on affairs in Burrillville, you should at least learn how to spell the name of the town. Being from Burrillville would be helpful too.