Rhode Island state tax profile. The tax rate went from 26 percent in tax year 2000 to 25.5 percent in 2001. The tax rate will drop to 25 percent in 2002 and beyond.
Downloadable forms are available by clicking here .
The local tax is the only tax on property in Rhode Island, with the exception of Fire District Taxes in several rural communities. Applicants must file Form RI-1040 . The local property tax on motor vehicles is being phased out over 8 years beginning in 1999. The tax will be eliminated in 2006. Boats are exempt from local property taxes and state sales tax.