Greenfield Sets FY24 Tax Rate of $20.39

GREENFIELD – The Massachusetts Department of Revenue has approved the city’s real estate property tax rate for fiscal year 2024. The rate will be $20.39, which marks a 3.7 percent increase from fiscal year 2023’s rate of $19.65 and a 9 percent decrease from fiscal year 2022’s rate of $22.32.

Chief Assessor Randall Austin presented the city’s tax classification hearing to the City Council on Wednesday, November 29. The council approved the proposed tax rate during that meeting. The new rate will be reflected beginning with the January 2024 tax bills.

“Property values rose again this year as the activity in the market continues to increase,” said Chief Assessor Randall Austin. “Single-family, two-family, condominiums and commercial properties were all closely studied and adjusted to keep up with the current activity.”

The City Council also voted to maintain a single tax rate for all four classes of property (residential, commercial, industrial and personal). Residential properties account for 76 percent of taxable property in the city.

To review the entire tax classification presentation, click here. You can also review a FY23/FY24 value comparison chart here. Residents can also watch the tax classification hearing at: https://www.youtube.com/watch?v=t46IbWuG8DM&ab_channel=GreenfieldCommunityTelevision%28GCTV%29W