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Suzanne Kogut
Tax Assessor
E-Mail
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Questions Regarding
Motor Vehicle Taxes
Why is my motor vehicle
tax bill higher this year?
Prior to this year’s bill, Motor Vehicle values were reduced $6,000 by
the State. The revenue lost by this exemption was reimbursed to
Smithfield by the State of RI. This year, Legislators have amended to
law to read that beginning in the fiscal year 2011 and thereafter, the
exemption shall be $500.00 Cities and Towns may exempt more, however any
such additional exemption shall not be subject to reimbursement. After
careful consideration, Smithfield has exempted $1,000 from the value.
The impact to individual motor vehicle owners is $39.00 per each
additional $1000 value up to $6,000. The Town has also further reduced
the real estate rate to ease some of the burden.
Example: A vehicle valued at $7,000 last year would have a $39.00
bill. $7,000 - $6,000 exemption = $1,000 value x $39.00 per thousand.
The same vehicle this year with a value of $7,000 would have a bill of
$234.00. $7,000 - $1,000 = $6,000 value x $39 per thousand.
Why did my motor
vehicle increase in value?
State Law has been amended to eliminate the hold harmless provision
which had limited increased assessed value of vehicles from one year to
the next. This year, used vehicles have seen an increase in market value
due to the demand for used vehicles. The affordability of new cars in
this economy has decreased which has placed a high demand for used
vehicles which has driven up the values.
Also affecting the used car market was the recent “cash for clunkers”
program which mandated these vehicles be disposed of and they were not
put back into the market. The less cars on the market, the greater the
demand for the existing ones. |
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2009 Revaluation
Vision Appraisal
Technology has completed the review process for the Smithfield
Statistical Revaluation and assessments notices have been mailed as of
02/04/2010.
Read more>>> |
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The Annual Business Registration Forms
for businesses in the Town of Smithfield are mailed in October. Please completely fill out this form and return it to the Town
Clerk’s office, with the $5.00 fee, by December 15th in
order to process by December 31st. The form will be reviewed
and, if in compliance, a Registration Certificate will be mailed to
you. Please read the Ordinance that applies to this renewal and the
penalties which apply located below.
This annual
registration is not required for any business required to obtain a town
license pursuant to RI General Law. Please notify this office if this
applies to you so that we may remove you from the annual notification.
If you have any
questions please feel free to contact the Tax Assessor’s office at
233-1014 Monday through Friday 8:30 a.m. to 4:30 p.m.
Businesses are required to file two annual forms:
Annual Tangible Property Declaration
Annual Business Registration
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PHONE:
401-233-1014
FAX:
401-232-7244
LOCATION:
The Tax Assessor's office is located in Town Hall, 64 Farnum Pike, on
the 1st floor.
FUNCTION:
This office prepares all regular and special assessment tax rolls for
the Town of Smithfield as dictated by law. The tax assessor evaluates
all taxable personal property within the town. All property is assessed
as of December 31st of each year based on the use of the property during
the current year.
Motor vehicles are also valued using the state's
"Vehicle Value Commission" publication. Also, values are based on last
years' number of days registered during that year.
Tax bills will be mailed out on July 30th with quarterly
payments due September 1 - 30, December 1 - 31, and March 1 - 31. The last
payment is due on June 1 - 30 of the following year.
- Reminder:
Tax summaries are
available for viewing & printing on the
Smithfield RI Tax Database.
- Helpful:
The following is a direct link to
the Rhode Registry of Motor Vehicles
website which
can be used to change your address, renew registrations, and change
tax towns:
http://www.dmv.ri.gov/
Frequently Asked
Questions
What are the 2010 tax rates?
| Real Estate |
$15.59 |
| Motor Vehicle |
$39.00 |
| Inventory |
$0 |
| Tangible |
$56.98 |
How is my property
tax assessment calculated?
The values are based on 2009
Revaluation Schedules. The market value of the land is added to the
replacement cost new less depreciation of the improvements.
This value is compared to the selling price of similar houses in similar
neighborhoods. The more heated living space the higher the assessment.
How
is my motor vehicle tax calculated?
The values placed on motor vehicles are based on the number of
days registered during the previous year ending 12/31. The State
publishes a schedule of values each year and that value times the mill
rate per thousand equals the new value. The 2010 motor vehicle
bill reflects the elimination of the State's $6,000 exemption.
Are forms from the Tax Assessor's office
available on-line?
Yes. Several forms are available on the
forms page of this web site.
How can I report changes to my property?
Changes or any improvements to your property should be done
with the issuance of a building permit. Visit the Building Officials
Office on the lower level of Town Hall.
How do I qualify for an exemption?
The Tax
Assessor's office has exemption applications available for veterans, senior citizens
and disabled persons. Please call before December 31 for senior citizens and
March 15 for veterans and disabled persons for qualification information. Exemptions affect
only the current years taxes. Call 233-1014 to get the specific
qualifications.
When will I receive my tax bill?
Tax bills for 2010 are scheduled to be mailed on July 30, 2010.
How can I appeal my valuation?
The first step is to obtain an appeal form on-line
or at the assessor’s office. Follow the instructions for filing an
appeal and return to the office. According to R.I. General Law, the
appeal deadline is 30 days for Motor Vehicles and 90 days for Real
Estate and Personal Property.
Motor vehicle
appeals must be filed thirty (30) days from the mailing of your tax bill, and
real estate and tangible have ninety (90) days from the first due date.
Do I have to
register my business with the Tax Assessor?
Yes. According to Town Ordinance 236-13, all commercial and/or
manufacturing businesses located in Smithfield, prior to the initial
commencement of business within the Town, shall file a business
registration. The form for this registration is available
on-line or may be obtained in the Town Clerk's
office. The form, along with a $5.00 fee, can be returned to the
Assessor's office at 64 Farnum Pike, Smithfield, RI. 02917. Annual
Business Registrations are also required.
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