Town of Portsmouth Notice of Proposed Property Tax Rate Change   The Town of Portsmouth proposes to increase its property tax levy to $67,218,115 in the 2026-2027 budget year; the property tax levy this year is $65,324,415. The FY 2026 and FY 2027 tax levies have excluded motor vehicle excise tax for the purpose of determining tax levy growth pursuant to current law. THIS IS A PROPOSED INCREASE OF 2.9%.  The Town of Portsmouth conducted a revaluation of real property, which is mandated by the State of Rhode Island. The increase in the proposed tax levy will result in a residential and commercial property tax rate of $9.84 per $1,000 of assessed valuation, as compared to the current property tax rate of $13.28 per $1,000 of assessed valuation.  Tangible personal property tax rate of $15.65 per $1,000 of assessed valuation has been capped in alignment with RIGL 44-5.3.1  A property tax rate of $9.947 would be needed in the coming budget year to raise the max levy authorized by section 44-5-2 of the General Law.  The Town of Portsmouth’s budget will be considered at the Budget Hearing on June 10, 2026 at 7:00 p.m. at the Portsmouth Town Hall at 2200 East Main Road.  The Portsmouth Town Hall is handicapped accessible. Individuals requiring TTD equipment or who are vision or speech impaired must notify the Town Clerk’s Office at 401-683-2101 at least three (3) business days prior to the meeting.  The hearing will also be live streamed on the web and by phone dial-in using Zoom remote meeting service. Instructions for participating using a computer, smart device, or telephone can be found at https://livestream.portsmouthri.com/towncouncil. Interested parties may call the Town Clerk’s office at 401-683-2101 for the instructions.  The above property tax estimate has been computed in a manner approved by the Rhode Island Department of Revenue.  Keith Hamilton Town Council President