There was a hearing last night on the newly-proposed property tax rates in Providence.
An agreement between the city council and Mayor Brett Smiley includes a six-percent increase for single-family homeowners and a 13-percent hike for multi-family properties of two-to-five units that are not owner-occupied.
“This is a hard budget year. Revaluations are sky high, and Providence is making up for decades of underfunding schools in just one year,” said Council President Rachel Miller. “But that doesn’t mean working families should carry the burden. These revisions make the system fairer, protecting homeowners, renters, and small local landlords. By evening out the impact, we are preventing displacement and working to keep Providence affordable—for all of us.”
Before tax bills go out, the agreement requires approval twice by the full city council.
(Providence City Council Photo)