Proration and Taxation of New Construction

Per Rhode Island Statute §44-5-13.10, completed new construction of real estate in the town of Hopkinton completed after any assessment date is liable for the payment of municipal taxes after the date the certificate of occupancy is issued or the date which the new construction is first used for the intended purpose, whichever is earlier. The taxes are prorated for the assessment year in which the new construction is completed.

The Town Assessor’s office will issue a letter to the property owner explaining the supplemental bill. The supplemental bill will be issued between July and November.