Rhode Island Tax Division Announces Real Estate Conveyance Tax Rate Increase

The Rhode Island Division of Taxation published an advisory document announcing an increase in real estate conveyance tax rates effective Oct. 1. The tax rates will increase to $3.75 from $2.30 per every $500 of consideration paid for real estate transactions, with an additional tier for residential properties sold above $800,000. [R.I. Div. of Tax’n, ADV 2025-13, 08/21/25]

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