Bristol Council approves $9.60 tax rate for homeowners amid property value concerns

During the Bristol Town Council meeting on May 7, 2025, significant discussions centered around property tax adjustments and their implications for residents. The council addressed the recent statistical reevaluation of property values, which resulted in an 18.22% increase in taxes for the current year. This adjustment is part of a broader effort to ensure fairness in the tax system, particularly for long-term residents and families who have lived in Bristol for many years.

The council members expressed concerns about the perceived fairness of the tax increases, especially for those who may struggle to afford rising costs. The discussions highlighted the importance of balancing tax relief for owner-occupied homes while ensuring that the burden does not disproportionately shift to non-owner-occupied properties. Approximately 50% of the town's ratable properties qualify for a discounted tax rate, which has raised questions about equity among different property owners.

Council members noted that while the tax adjustments aim to provide some relief, they recognize that these changes may not significantly alleviate the financial pressures faced by many residents. The conversation underscored the need for ongoing research and discussions to explore additional measures that could support vulnerable populations, particularly the elderly and low-income families.

In addition to tax discussions, the council reviewed bids for pedestrian improvements on Gooding Avenue, which will be funded through a Rhode Island Commerce Grant. The council received five bids, with the lowest from True North Bridal LLC at $299,240. This project aims to enhance safety and accessibility for pedestrians in the area.

Overall, the meeting reflected the council's commitment to addressing the complex challenges of property taxation and community development in Bristol. As the council moves forward, they plan to continue evaluating the impact of these decisions and explore further options for supporting residents in the face of rising property values and taxes.