EAST PROVIDENCE — The city through its newly-hired private sector appraiser will begin the Statistical Revaluation Project of properties throughout East Providence, a process delayed a year …
EAST PROVIDENCE — The city through its newly-hired private sector appraiser will begin the Statistical Revaluation Project of properties throughout East Providence, a process delayed a year after the administration of Mayor Bob DaSilva and others around the Rhode Island petitioned to have the state-mandated procedure postponed due to the lingering affects on the COVID-19 pandemic.
Under the Statistical Revaluation, each taxpayer receives a new assessment and will have an opportunity to have a hearing on their new assessment. The city is preparing to visit and inspect (in person) all properties that have sold and those properties whose owners have pulled a building permit within the last year.
The revaluation is supposed to take place every three years per state law. The effort, last completed in 2018, was supposed to be undertaken by December 31, 2021.
East Providence was among a handful of municipalities that petitioned the General Assembly to defer the revals for a year. A City Council resolution in support of the proposal was set to be introduced by Ward 3 Councilor Nate Cahoon at the March 15 meeting of the body.
Others, including comparable cities like Warwick and Johnston as well as smaller ones like West Greenwich and New Shoreham, sought Assembly approval to defer the implementation of their revals citing what the DaSilva administration referred to specifically in East Providence to an “unstable” real estate market with “large fluctuations in value within the various classes of property.”
The petitions gained support through legislation sponsored by East Providence members Majority Whip Katherine Kazarian (D-Dist. 63) in the House of Representatives (H8081: An act relating to taxation — levy and assessment of local taxes — East Providence Revaluation) and Valerie Lawson (D-Dist. 14) in the Senate (S2878: An act relating to taxation — levy and assessment of local taxes — East Providence Revaluation). The bills were submitted, respectively in April and May of this year, and later passed by both chambers. Governor Dan McKee signed them into law in early June.
Prior to the delay, the administration and council announced the hiring of Northeast Revaluation Group, LLC, a municipal revaluation vendor located in Warwick to assist with the project.
The council backed a request from the mayor to enter into an agreement with Northeast Revaluation Group for $176,800 and takes the place of a previous deal with Vision Government Solutions.
The current process is expected to begin sometime this month, October 2022.
Northeast Revaluation data collectors — Dan Wert, Todd Wheeler, Mike Pratt and John Hocking — will have identification badges and the registrations of their vehicles are on file with the East Providence Police Department. The city Assessor’s Division has additional details regarding this process should homeowners have any questions.
Upon visiting a property, data collectors will attempt to perform an interior and exterior inspection of the property to confirm the city’s assessment records are accurate. It is important to note that no valuation decisions are made at the time of inspection. At a later date, the property owner will receive an Interior Data Verification letter that will provide an opportunity to review the interior features and make adjustments.
Since all assessed valuations are based on sales as of a certain date, later changes in the market will gradually make assessments not in line with the real estate marketplace. The rise and fall of real estate values make certain properties more valuable or less valuable, in relation to each other. Due to these reasons, the state of Rhode Island settled on a three-year schedule for property revaluations.
The project is scheduled for completion in early 2023 and property owners can expect to receive a new assessment notice at that time. The notice will include the new property assessment and information regarding informal appeals.
For any questions regarding this process, please call the Assessor’s Office at 401-435-7574. A helpful description of the revaluation process may be found at https://nereval.com under “Revaluations Explained” and https://nereval.com/property-tax-revaluation/ under FAQs.