Taxes in Coventry, Rhode Island
Complete tax guide for Coventry, RI. State income tax up to 5.99%, 1.64% property tax, 7.73% sales tax. Calculate your total tax burden.
State Income Tax
5.99%
Rhode Island
Property Tax
1.64%
Effective rate
Sales Tax
7.73%
Combined rate
Tax Burden
High
Coventry, RI Tax Overview
Population
35,014
Median Income
$61,400
Cost of Living
104.9 (100 = avg)
State Income Tax
5.99%
Median Home Price
$365,000
Coventry Tax Calculator
Pre-filled with Coventry median: $61,400
Total Tax Burden in Coventry
$13,704
Take-Home: $47,696 · Effective Rate: 22.32%
Federal Tax
$5,330
8.68% eff.
RI State
$3,678
5.99% eff.
FICA
$4,697
7.65% eff.
Take-Home
$47,696
77.68% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $61,400.00 | $5,116.67 |
| Federal Income Tax | -$5,329.50 | -$444.13 |
| Rhode Island State Tax | -$3,677.86 | -$306.49 |
| Social Security (6.2%) | -$3,806.80 | -$317.23 |
| Medicare (1.45%) | -$890.30 | -$74.19 |
| Take-Home Pay | $47,695.54 | $3,974.63 |
Property Tax in Coventry
Median Home
$365,000
Annual Tax
$5,986
Monthly Tax
$499
Effective Rate
1.64%
Sales Tax in Coventry
Combined Rate
7.73%
State Portion
~5.2%
Local Portion
~2.5%
The combined sales tax rate in Coventry is 7.73%, which is above the national average of 7.12%. On a $100 purchase, you would pay $7.73 in sales tax.
Tax Burden Comparison
| Tax Type | Coventry | Rhode Island Avg | National Avg |
|---|---|---|---|
| Income Tax | 5.99% | 5.99% | 4.6% |
| Property Tax | 1.64% | ~1.64% | 1.1% |
| Sales Tax | 7.73% | ~7.73% | 7.12% |
| Overall Burden | High | — | Moderate |
Tax Saving Tips for Coventry Residents
- Rhode Island's income tax rate of 5.99% is above average. Maximize pre-tax retirement contributions (401k up to $23,500, IRA up to $7,000) to reduce both federal and state taxable income.
- Property tax in Coventry (1.64%) is above the national average. Check if you qualify for homestead exemptions or assessment appeals to reduce your property tax bill.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Rhode Island
Calculate Your Full Rhode Island Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Coventry, RI?
Coventry, Rhode Island has a state income tax rate up to 5.99%. The property tax rate is 1.64% and the combined sales tax rate is 7.73%.
How much is property tax in Coventry?
The effective property tax rate in Coventry is 1.64%. On the median home price of $365,000, this equals approximately $5,986 per year or $499 per month. This is above the national average of 1.1%.
What is the sales tax rate in Coventry?
The combined sales tax rate in Coventry is 7.73%, which includes both state and local components. This is above the national average combined rate of approximately 7.12%.
How does Coventry's tax burden compare to other cities?
Coventry has a high overall tax burden. The effective total tax rate for a median-income household is approximately 33.3%. The combination of 5.99% state income tax, 1.64% property tax, and 7.73% sales tax determines the total burden. Cost of living index is 104.9 (100 = national average).
Are there any local taxes in Coventry?
Coventry does not impose a separate local or city income tax. Residents pay the state income tax of 5.99%, federal income tax, and FICA (Social Security and Medicare).