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Rhode Island City of Newport·Rhode Island

Statistical Reappraisal of all Real Property within the Limits of Newport RI

Closes 12/10/2025$500k – $2MRequest for ProposalLogin required
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Description

The City of Newport is seeking a contractor to provide a statistical reappraisal of all real property within the city limits, effective December 31, 2026. The contractor will be responsible for valuing all taxable and exempt real estate, including land, buildings, and improvements. The contractor must have experience in revaluation projects and must comply with Rhode Island certification standards and USPAP Standards. The project includes a field review, appraisal of residential and commercial buildings, and the development of a land value map. The contractor will also be responsible for providing public relations services and conducting a program of public information. • The project requires the complete statistical reappraisal and revaluation of all real property within the corporate limits of Newport, Rhode Island. • The contractor must have experience in revaluation projects and must comply with Rhode Island certification standards and USPAP Standards. • The project includes a field review, appraisal of residential and commercial buildings, and the development of a land value map. • The contractor will also be responsible for providing public relations services and conducting a program of public information. • The contractor must provide a letter of transmittal, a list of municipalities for which the contractor has completed revaluation programs, and a list of revaluation contracts for which the contractor is currently committed.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kevin Cortes and Jade Phillips(Purchasing Agent and Tax Assessor)

[email protected] and [email protected]

(401) 845-5414

Key dates

Opened
11/19/2025
Questions due
12/5/2025
Closes
12/10/2025
Duration
240 days

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531320
Solicitation №
2026-FIN-001

Budget estimate

$500,000 – $2,000,000

The budget for this opportunity is estimated to be between $500,000 and $2,000,000. The rationale is that the project requires a comprehensive reappraisal of all real property within the city limits, which is a complex and time-consuming process that requires specialized expertise and equipment. The cost of the project will depend on the size of the city, the number of properties to be appraised, and the level of detail required. However, based on industry benchmarks, a typical reappraisal project can cost between $0.50 and $2.00 per parcel, and with approximately 10,000 parcels in the city, the total cost would be between $500,000 and $2,000,000.

AI estimate from the solicitation

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