Greenfield, Franklin County, Massachusetts Property Taxes

Name: Property Tax Bills Across Greenfield, Franklin County, Massachusetts
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Greenfield, MA effective property tax rate: 1.96%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Greenfield, MA home value: $231,500
Median annual Greenfield, MA tax bill: $4,547, $2,147 higher than the national median property tax bill of $2,400.

How are property taxes in Franklin County calculated?

Property taxes in Greenfield, MA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Greenfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Greenfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Greenfield, Franklin County, Massachusetts Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.96%

Estimate Property Tax Bill

$4,537

$4,211

Ownwell’s Greenfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Greenfield with just two data points.

By entering your property's estimated assessed value, our calculator applies Greenfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Franklin County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Greenfield, Franklin County, Massachusetts

Local government entities in Massachusetts set tax rates, which can vary widely within the state. Each year, counties like Franklin estimate their required budget to provide essential services and divide that by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the annual process in a nutshell.

In Greenfield, located in Franklin County, the effective property tax rate is worth noting. When compared to other cities in Massachusetts and the national median, Greenfield’s rate is significantly higher. This means property owners in Greenfield may pay more compared to the national median property tax bill of $2400. Understanding these differences can help residents make informed decisions about property ownership and management. For those looking to appeal or seek exemptions, being aware of how Greenfield's tax rates compare can be crucial. By staying informed, property owners can better navigate the complexities of property taxes and potentially reduce their financial obligations.

Property Tax Rates Across Greenfield, Franklin County, Massachusetts

Source: Ownwell

0.52%

1.40%

2.29%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Greenfield Tax Rate

1.96%

Median Effective Franklin County Tax Rate

1.69%

Median Effective Massachusetts Tax Rate

1.23%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Greenfield, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
01301	1.96%	1.96%	1.96%	1.97%	1.97%

Source: Ownwell

Property Tax Assessment Values Across Greenfield, Franklin County, Massachusetts

When examining property taxes in Greenfield, Massachusetts, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Franklin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Franklin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Greenfield.

For example, the median home price in Greenfield is $231,500, with tax bills ranging significantly across the county. The zip code 01301 has the highest median home price at $231,500.

Property Tax Assessment Values Across Greenfield, Franklin County, Massachusetts

Source: Ownwell

$102,700

$254,150

$405,600

Median Greenfield Market Value

$231,500

Median Franklin County Market Value

$252,600

Median Massachusetts Market Value

$492,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across Greenfield, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
01301	$163,270	$195,200	$231,500	$283,975	$358,830

Source: Ownwell

Property Tax Bills Across Greenfield, Franklin County, Massachusetts

In Greenfield, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is based on the market value of the property, which can fluctuate due to changes in the real estate market and local economic conditions. For homeowners in Greenfield, the median property tax bill is significantly higher than the national median, with a 25th percentile tax bill of $3,834 and a 75th percentile tax bill reaching $5,575. This disparity can place a considerable financial burden on homeowners, especially when compared to the national median property tax bill of $2,400. Fortunately, Ownwell offers valuable services to help homeowners reduce their property tax bills. By conducting a thorough analysis of the property's assessed value and identifying potential errors or overvaluations, Ownwell can assist in appealing the tax assessment. This process can result in substantial savings, easing the financial pressure on homeowners and ensuring they are not overpaying on their property taxes.

Property Tax Bills Across Greenfield, Franklin County, Massachusetts

Source: Ownwell

$1,177

$4,328

$7,479

Median Greenfield Tax Bill

$4,547

Median Franklin County Tax Bill

$4,270

Median Massachusetts Tax Bill

$5,844

Median United States Tax Bill

$2,400

Property Tax Bills Across Greenfield, Franklin County, Massachusetts

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
01301	$3,208	$3,834	$4,547	$5,575	$7,012

Source: Ownwell