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What is the tangible property tax?

April 26, 2017Tangible

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What is the tangible property tax?

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The tangible property tax generally is a tax assessed by a city or town on all personal property owned and used in connection with your business. A tangible property tax will also be assessed on your mobile home. Tangible property taxes do not include real estate taxes which is a separate tax. Tangible property taxes are assessed in accordance with Title 44 Chapter 5 of the Rhode Island General Laws.