Throughout the state of Rhode Island, recording fees are scaled by the size (length in page count) of each security instrument (mortgage), conveyance instrument (deed), or other recordable sent to the county for recordation.

Those fees apply state-wide—there is no variation by county. 

State transfer tax

The state’s transfer tax is calculated in tiers, based upon the value of the property that is the subject of the transaction. 

Limited city-specific transfer taxes

There are a few locations which additionally assess a city-specific transfer tax in addition to the state’s transfer tax. These cities include Little Compton and Block Island.

In those cities, there is an exemption for a portion of the purchase price (e.g. first $300,000 of consideration), for which the city tax is waived, but the remainder of the purchase price is subject to that tax. 

Last edited July 14, 2023

LodeStar Software Solutions prides itself on being the most accurate provider of the most up-to-date closing fees in the mortgage industry—so much so that we guarantee those rates. However, unlike the closing fee data we provide our clients through our product, LodeStar can only guarantee the accuracy of the content delivered through LE Challenges at the time of publication.LE Challenges is published solely for marketing and advertising purposes to provide an example of the depth and breadth of our commitment to providing accurate closing fees to its clients. While we do our best to update the content of LE Challenges as often as possible, the data shared here is in no way intended to serve as data to be relied upon in the generation of an actual Loan Estimate or any other element of a mortgage transaction.

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