NEW: Rhode Island has 8th Highest State-Local Tax Burden in U.S.
Wednesday, April 02, 2014
GoLocalProv News Team
Rhode Island has 8th highest state-local tax burden in the U.S., according a report released today by the Tax Foundation.
The Foundation released its annual State-Local Tax Burdens report , which shows that taxpayers in Rhode Island paid 10.5% of their collective incomes in state and local taxes in 2011. The national average was 9.8%.
“States have different tax burdens, just as they have different levels of services. For Americans to make informed judgments about benefits and costs of state-local government, the costs need to be known.” said Tax Foundation economist Liz Malm. “This annual estimate of how much residents pay in state-local taxes helps inform that discussion.”
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Report Findings:
During the 2011 fiscal year, state-local tax burdens as a share of state incomes decreased on average. This trend was largely driven by the growth of income in all states.
In 2011, the residents of New York, New Jersey, and Connecticut had the highest state-local tax burdens as a share of income in the nation. In these states, residents have forgone over 11.9 percent of income due to state and local taxes.
Residents of Wyoming paid the lowest percentage of income in 2011 at just 6.9 percent. They replaced Alaska, which had previously been the least-taxed for multiple decades, as the lowest-burdened state in the nation. After Wyoming and Alaska, the next lowest-taxed states were South Dakota, Texas, and Louisiana.
State-local tax burdens are very close to one another and slight changes in taxes or income can translate to seemingly dramatic shifts in rank. For example, the twenty mid-ranked states, ranging from Oregon (16th) to Georgia (35th), only differ in burden by just over one percentage point.
On average, taxpayers pay more to their own state and local governments (73 percent of total burden). Taxes paid within states of residence decreased on average in 2011, while taxes paid to other states increased, leading to a slight decrease in total burden. Some states deviated from these national trends, however.
The report examines burden trends over time and takes into account what taxpayers pay to other states in addition to their own, offering a more accurate picture of the true tax burden borne by residents.
Related Slideshow: Smallest + Largest Tax Increases in RI
Below are the largest—and smallest—tax increases in Rhode Island cities and towns for fiscal year 2014. The data measures the overall change in the amount levied in taxes between last year and this year. It does not compare changes in individual tax rates for homeowners, which may have been higher than the overall increase if the change in the rates was lower for another group of taxpayers in the community. This year, for the first time, all communities stayed below the annual tax cap, which for 2014 was 4 percent. (The cap applies to the overall levy not individual tax rates. Note that the levies for any independent fire districts in a community are not included.) Below communities are ranked starting with those that had the lowest increases. Data was provided by the state Division of Municipal Finance and is current as of January 7.
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#39
Pawtucket
FY 2013 to FY 2014 Tax Increase: -0.68%
Rank: 39
FY 2013 Tax Levy: $100,068,109
FY 2014 Tax Levy: $99,386,793
Amount of Increase: -$681,316
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#38
Hopkinton
FY 2013 to FY 2014 Tax Increase: -0.40%
Rank: 38
FY 2013 Tax Levy: $18,300,511
FY 2014 Tax Levy: $18,228,199
Amount of Increase: -$72,312
Note: Has an independent fire district. Levy for fire districts not included.
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#37
Cranston
FY 2013 to FY 2014 Tax Increase: 0.12%
Rank: 37
FY 2013 Tax Levy: $181,367,888
FY 2014 Tax Levy: $181,591,060
Amount of Increase: $223,172
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#36
Jamestown
FY 2013 to FY 2014 Tax Increase: 0.37%
Rank: 36
FY 2013 Tax Levy: $19,089,398
FY 2014 Tax Levy: $19,160,796
Amount of Increase: $71,398
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#35
North Providence
FY 2013 to FY 2014 Tax Increase: 0.40%
Rank: 35
FY 2013 Tax Levy: $67,468,778
FY 2014 Tax Levy: $67,737,041
Amount of Increase: $268,263
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#34
Glocester
FY 2013 to FY 2014 Tax Increase: 0.41%
Rank: 34
FY 2013 Tax Levy: $20,666,156
FY 2014 Tax Levy: $20,750,248
Amount of Increase: $84,092
Note: Has an independent fire district. Levy for fire districts not included.
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#33
West Greenwich
FY 2013 to FY 2014 Tax Increase: 0.42%
Rank: 33
FY 2013 Tax Levy: $17,700,512
FY 2014 Tax Levy: $17,775,266
Amount of Increase: $74,754
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#32
Foster
FY 2013 to FY 2014 Tax Increase: 0.56%
Rank: 32
FY 2013 Tax Levy: $11,206,523
FY 2014 Tax Levy: $11,269,380
Amount of Increase: $62,857
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#31
Warren
FY 2013 to FY 2014 Tax Increase: 0.57%
Rank: 31
FY 2013 Tax Levy: $21,962,605
FY 2014 Tax Levy: $22,087,246
Amount of Increase: $124,641
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#30
Barrington
FY 2013 to FY 2014 Tax Increase: 0.66%
Rank: 30
FY 2013 Tax Levy: $55,757,749
FY 2014 Tax Levy: $56,127,312
Amount of Increase: $369,563
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#29
South Kingstown
FY 2013 to FY 2014 Tax Increase: 1.03%
Rank: 29
FY 2013 Tax Levy: $66,399,782
FY 2014 Tax Levy: $67,082,117
Amount of Increase: $682,335
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#28
Lincoln
FY 2013 to FY 2014 Tax Increase: 1.08%
Rank: 28
FY 2013 Tax Levy: $51,933,416
FY 2014 Tax Levy: $52,492,287
Amount of Increase: $558,871
Note: Has an independent fire district. Levy for fire districts not included.
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#27
North Kingstown
FY 2013 to FY 2014 Tax Increase: 1.37%
Rank: 27
FY 2013 Tax Levy: $69,092,073
FY 2014 Tax Levy: $70,035,857
Amount of Increase: $943,784
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#26
Cumberland
FY 2013 to FY 2014 Tax Increase: 1.53%
Rank: 26
FY 2013 Tax Levy: $59,560,610
FY 2014 Tax Levy: $60,472,810
Amount of Increase: $912,200
Note: Has an independent fire district. Levy for fire districts not included. Cumberland actual amount is an estimate reported by the town. Final levy will be set in May 2014
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#25
Warwick
FY 2013 to FY 2014 Tax Increase: 1.57%
Rank: 25
FY 2013 Tax Levy: $220,300,865
FY 2014 Tax Levy: $223,763,444
Amount of Increase: $3,462,579
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#24
Little Compton
FY 2013 to FY 2014 Tax Increase: 1.74%
Rank: 24
FY 2013 Tax Levy: $10,153,215
FY 2014 Tax Levy: $10,329,739
Amount of Increase: $176,524
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#23
East Providence
FY 2013 to FY 2014 Tax Increase: 1.91%
Rank: 23
FY 2013 Tax Levy: $101,738,436
FY 2014 Tax Levy: $103,679,393
Amount of Increase: $1,940,957
Note: East Providence fiscal year is Nov. 1 to Oct. 31. Figures represent an state estimate which will be finalized in spring 2014.
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#22
Westerly
FY 2013 to FY 2014 Tax Increase: 1.93%
Rank: 22
FY 2013 Tax Levy: $64,073,479
FY 2014 Tax Levy: $65,309,605
Amount of Increase: $1,236,126
Note: Has an independent fire district. Levy for fire districts not included.
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#21
Middletown
FY 2013 to FY 2014 Tax Increase: 1.95%
Rank: 21
FY 2013 Tax Levy: $42,569,846
FY 2014 Tax Levy: $43,400,329
Amount of Increase: $830,483
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#20
Charlestown
FY 2013 to FY 2014 Tax Increase: 1.95%
Rank: 20
FY 2013 Tax Levy: $22,244,817
FY 2014 Tax Levy: $22,679,022
Amount of Increase: $434,205
Note: Has an independent fire district. Levy for fire districts not included.
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#19
Tiverton
FY 2013 to FY 2014 Tax Increase: 2.22%
Rank: 19
FY 2013 Tax Levy: $36,705,787
FY 2014 Tax Levy: $37,519,924
Amount of Increase: $814,137
Note: Has an independent fire district. Levy for fire districts not included.
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#18
Narragansett
FY 2013 to FY 2014 Tax Increase: 2.25%
Rank: 18
FY 2013 Tax Levy: $45,045,014
FY 2014 Tax Levy: $46,060,213
Amount of Increase: $1,015,199
Note: Has an independent fire district. Levy for fire districts not included.
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#17
Portsmouth
FY 2013 to FY 2014 Tax Increase: 2.41%
Rank: 17
FY 2013 Tax Levy: $46,892,274
FY 2014 Tax Levy: $48,021,889
Amount of Increase: $1,129,615
Note: Has an independent fire district. Levy for fire districts not included.
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#16
Providence
FY 2013 to FY 2014 Tax Increase: 2.42%
Rank: 16
FY 2013 Tax Levy: $332,768,119
FY 2014 Tax Levy: $340,814,523
Amount of Increase: $8,046,404
Photo: Flickr/thurdl01
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#15
Smithfield
FY 2013 to FY 2014 Tax Increase: 2.43%
Rank: 15
FY 2013 Tax Levy: $50,485,821
FY 2014 Tax Levy: $51,713,919
Amount of Increase: $1,228,098
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#14
Scituate
FY 2013 to FY 2014 Tax Increase: 2.63%
Rank: 14
FY 2013 Tax Levy: $25,737,325
FY 2014 Tax Levy: $26,415,040
Amount of Increase: $677,715
Note: Scituate fiscal year is April 1 to March 31.
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#13
Johnston
FY 2013 to FY 2014 Tax Increase: 2.73%
Rank: 13
FY 2013 Tax Levy: $68,325,207
FY 2014 Tax Levy: $70,191,873
Amount of Increase: $1,866,666
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#12
Exeter
FY 2013 to FY 2014 Tax Increase: 2.76%
Rank: 12
FY 2013 Tax Levy: $12,699,098
FY 2014 Tax Levy: $13,048,989
Amount of Increase: $349,891
Note: Has an independent fire district. Levy for fire districts not included.
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#11
Bristol
FY 2013 to FY 2014 Tax Increase: 3.20%
Rank: 11
FY 2013 Tax Levy: $35,907,363
FY 2014 Tax Levy: $37,055,367
Amount of Increase: $1,148,004
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#10
Richmond
FY 2013 to FY 2014 Tax Increase: 3.39%
Rank: 10
FY 2013 Tax Levy: $16,192,073
FY 2014 Tax Levy: $16,740,541
Amount of Increase: $548,468
Photo: Flickr/peppergrasss
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#9
Newport
FY 2013 to FY 2014 Tax Increase: 3.49%
Rank: 9
FY 2013 Tax Levy: $65,177,966
FY 2014 Tax Levy: $67,451,455
Amount of Increase: $2,273,489
Photo: Flickr/Jasperdo
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#8
Coventry
FY 2013 to FY 2014 Tax Increase: 3.56%
Rank: 8
FY 2013 Tax Levy: $62,327,613
FY 2014 Tax Levy: $64,549,069
Amount of Increase: $2,221,455
Note: Has an independent fire district. Levy for fire districts not included.
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#7
Burrillville
FY 2013 to FY 2014 Tax Increase: 3.63%
Rank: 7
FY 2013 Tax Levy: $27,830,582
FY 2014 Tax Levy: $28,840,267
Amount of Increase: $1,009,685
Note: Has an independent fire district. Levy for fire districts not included.
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#6
North Smithfield
FY 2013 to FY 2014 Tax Increase: 3.82%
Rank: 6
FY 2013 Tax Levy: $28,611,366
FY 2014 Tax Levy: $29,705,309
Amount of Increase: $1,093,943
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#5
New Shoreham
FY 2013 to FY 2014 Tax Increase: 3.85%
Rank: 5
FY 2013 Tax Levy: $8,400,360
FY 2014 Tax Levy: $8,723,934
Amount of Increase: $323,574
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#4
West Warwick
FY 2013 to FY 2014 Tax Increase: 3.89%
Rank: 4
FY 2013 Tax Levy: $54,252,606
FY 2014 Tax Levy: $56,363,626
Amount of Increase: $2,111,020
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#3
East Greenwich
FY 2013 to FY 2014 Tax Increase: 3.91%
Rank: 3
FY 2013 Tax Levy: $49,896,853
FY 2014 Tax Levy: $51,845,789
Amount of Increase: $1,948,936
Note: East Greenwich fiscal year 2013 & 2014 levies reflect the towns merger with the fire district in June 2013.
Photo: Flickr/Jimmy Wayne
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#2
Woonsocket
FY 2013 to FY 2014 Tax Increase: 3.99%
Rank: 2
FY 2013 Tax Levy: $57,588,098
FY 2014 Tax Levy: $59,888,228
Amount of Increase: $2,300,130
Note: Woonsocket fiscal year 2013 includes a supplemental tax.
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#1
Central Falls
FY 2013 to FY 2014 Tax Increase: 4.00%
Rank: 1
FY 2013 Tax Levy: $13,674,638
FY 2014 Tax Levy: $14,221,500
Amount of Increase: $546,862
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