02865 Property Tax Rate

Property owners in ZIP code 02865 (Lincoln, Rhode Island) pay a median of $4,821/year in property taxes on homes valued at $427,700. This translates to an effective tax rate of 1.13%, which is 12% below the Rhode Island state average of 1.29%.

The monthly property tax burden for a median-valued home in 02865 is approximately $402, which factors into escrow payments on mortgages. This ZIP code is located within Providence County. This is $237 less than the Rhode Island average of $5,058/year.

Compared to similar ZIP codes in Rhode Island, 02865 has lower property taxes. ZIP codes with similar effective rates include 02871 (1.13%) and 02842 (1.13%).

In Lincoln, property taxes represent approximately 4.1% of the median household income of $117,042, providing context for the relative tax burden on homeowners in this area.

Rhode Island applies no statewide property tax cap; reassessment occurs when property changes hands or at intervals set by your municipality — contact the Providence County Assessor for your specific town's cycle. Providence County homebuyers should explore income-based relief programs through their town assessor's office, as eligibility varies by municipality but may include exemptions or deferrals for seniors, veterans, or low-income households. After closing, file a homestead exemption application immediately with your town assessor — most Providence County towns require filing within 30–60 days to qualify for current-year tax reduction.