\n
Tiverton relies heavily on the casino for its annual budget. The state’s 2016 liberalization of casino gambling guaranteed the town $3 million annually from the casino in gaming revenue share. That number increased to $3.1 million with the inclusion of sports betting in 2018.<\/p>\n<\/div>\n
Along with gaming taxes, Tiverton collects property taxes on the casino resort. Tiverton’s current property tax rate is $15.65 per $1,000 assessed value.<\/p>\n
For Bally’s Tiverton and its latest assessed value at roughly $60.5 million, that means the casino — pending its appeal outcome — is responsible for $946,825 in annual property taxes.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bally’s Tiverton Casino and Hotel says the COVID-19 pandemic negatively impacted the property valuation of its resort, and tax assessors got it wrong with their latest calculation. Northeast Revaluation Group, one of the two main property tax assessors used by numerous municipalities throughout Rhode Island, valued Bally’s Tiverton at just shy of $60.5 million at […]<\/p>\n","protected":false},"author":25,"featured_media":210664,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,81881],"tags":[],"acf":[],"yoast_head":"\n
Bally's Tiverton Casino Seeks Property Tax Reduction, Cites Pandemic<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n