TOWN OF JOHNSTON NOTICE OF PROPOSED PROPERTY TAX RATE CHANGE

The Town of Johnston proposes to increase its total property tax levy to $78,142,520 in the 2025-2026 budget year, the total property tax levy this year is $77,004,795 The result is a proposed net tax levy increase of 1.48 %

The proposed tax levy will result in a property tax rate of $15.62 per $1,000 of assessed valuation for residential real estate, $27.98 per $1,000 of assessed valuation for commercial real estate and $64.65 per $1,000 of assessed valuation for tangible personal property, as compared to the current property tax  rates of $15.30 per $1,000 of assessed valuation for residential real estate, $27.43 per $1,000 of assessed valuation for commercial real estate and $64.65 per $1,000 of assessed valuation for tangible personal property.

 A property tax rate of $16.19 for residential real estate, $28.32 for commercial real estate and $64.65 for tangible personal property would be needed in the coming budget year to raise the maximum levy authorized by Section 44-5-2 of the general laws.

The Town of Johnston's 2025-2026 budget will be considered at 5.00 P.M. on Wednesday, May 28, 2025 at the Town of Johnston Municipal Court located at 1600 Atwood Avenue, Johnston, RI 02919.

The above property tax estimates have been computed in a manner approved by the R.I. Department of Revenue.

Dated: May 15, 2025                                        Mayor Joseph M. Polisena Jr.

REPORT TO TAXPAYERS ON CURRENT AND PROPOSED BUDGET

Certification:

This is to certify that the data contained in this report is accurate to the best of my knowledge.

Dated: May 15, 2025                                        Mayor Joseph M. Polisena Jr.