Friday, March 30, 2012

Tax Benefit to Living in RI?

I notice there%26#39;s a definite development line along the east side of the city along the Mass/RI border. Is there some sort of reason for this? State taxes cheaper in one state than the other?



Tax Benefit to Living in RI?


Mass has lower taxes than RI....RI has some of the highest in the country.



Tax Benefit to Living in RI?


So why does the development stick to the RI side?




What development are you talking about...?





Look at the Pawtucket,RI/North Attleboro, MA and East Providence, RI / Seekonk MA borders and guess where the sales tax drops from 7% to 5%.....Sometimes companies arre forced to bite the bullet and build on the RI side, just to stay with the commercial growth, but usually they%26#39;ll pick MA over RI.





There are some tax breaks for artists living/working in parts of Providence and some Film Making credits for shooting movies in the Ocean State.




Rhode Island has cheaper house prices due to the difference in taxes. I live in Seekonk and I say there is at least a $20,000 difference between Seekonk and Pawtucket/E Providence for the same house




Milemarker, just look at a map. All the burbs east of the city are smushed inside the border. West side is growing out radially as a normal city does.





Quahog, thanks. That makes sense. I was thinking it was either a swamp or taxes. I%26#39;m assuming you mean lower property taxes. Income taxes are higher right?




Well, considering there is only 1 city (East Providence) east of downtown Providence, there aren%26#39;t many ';burbs'; to be had on the Eastern Border....it becomes Massachusetts, I guess I don%26#39;t understand what you%26#39;re asking....





I thought you were asking while all of the development is happening on the RI side of the border....it%26#39;s not....most development is happening, or happened on the Mass side of the border...see Seekonk, MA and Attleboro MA....not Pawtucket or East Providence as examples.




Rhode Island is essentially one big city from Warwick to Central Falls/Pawtucket/North Providence and from Johnston to East Providence. State taxes are higher in RI as well as income taxes. Rhode Island is a high tax state. It is a congested state with a lot of people in a small area. This does not mean that it is not a beautiful state.





At the Mass borders there are suburbs (seekonk) as well as Cities (Fall River and Attleboro) So I guess the nature of the area is the same on both sides of the border. RI a little more congested. The congestion is no where near as bad as Boston though. Hope this answers your questions

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