Greenfield tax rate set
GREENFIELD — The average homeowner will pay $125 more in property tax this year.
The town’s new property tax rate was set at $20.72 this week by the state Department of Revenue. That is up $1.71 from last year’s rate of $19.01.
Town Assessor Audrey Murphy said the average home in Greenfield is assessed at $175,644 this year and the average tax bill will rise from $3,514 to $3,639. The average home was valued at $179,046 last year.
Town Council voted earlier this month to stay with a single tax rate, so residents and businesses will continue to pay the same rate.
The new rate will be retroactive to July 1, which is the beginning of Fiscal Year 2013.
The town’s tax rate is set by dividing the town’s need for local taxes ($27,012,193) by the total value of all taxable real estate in town ($1,303,411,348).
An increase in the demand for local taxes is usually driven by growth or shrinkage of the town budget and outside income like state and federal grants and aid.
About 75 percent of the town’s real estate is residential and the rest is a mix of commercial and industrial.
Murphy said anyone who would like to home values may do so online, at the assessors office in Town Hall or at the library.
The assessors office is open Monday, Wednesday and Thursday from 8:30 a.m. to 5 p.m. and Tuesday and Friday from noon to 5 p.m.