Effective 7/1/26, owners of residential dwellings that are assessed at more than $1 million will be required to pay a new quarterly state property tax on the portion that is over $1 million unless the owners can document that they live in the property or rent to tenants for 183 days or more.

Sellers of property that the town or city has determined is residential and assessed for more than $1 million as of December 31, 2025, must contact the Division of Taxation tax.property@tax.ri.gov a minimum of 10 business days before a closing to request a Certificate of No Tax Due. They must have a Certificate of No Tax Due in order to close.

As the Rhode Island Division of Taxation finalizes their new request forms for Certificates of No Tax Due, sellers should send all closing requests via email to tax.property@tax.ri.gov and the subject line should include “Certificate of No Tax Due – NOOPT”.

To help the Division process requests efficiently, sellers should include the property address, seller’s name and mailing address, purchase and sale agreement, closing date, and Power of Attorney if applicable. 

More details can be found here.