Granby, Hampshire County, Massachusetts Property Taxes
Median Granby, MA effective property tax rate: 1.71%, significantly higher than the national median of 1.02%, but lower than the Massachusetts state median of 1.23%.
Median Granby, MA home value: $296,000
Median annual Granby, MA tax bill: $5,065, $2,665 higher than the national median property tax bill of $2,400.
How are property taxes in Hampshire calculated?
Property taxes in Granby, 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 Granby’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Granby, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Granby, Hampshire County, Massachusetts Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.71%
Estimate Property Tax Bill
$5,062
$4,697
Property Tax Rates Across Granby, Hampshire County, Massachusetts
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Granby in Hampshire County, Massachusetts, presents an interesting case for property tax rates. Its effective property tax rate is 1.71%, which is notably higher than both the Massachusetts median and the national median property tax rate of 1.02%. This higher rate can lead to a greater property tax bill for homeowners in Granby compared to other regions with lower rates.
The impact of such a tax rate is significant, as it can influence decisions on property purchases and investments. By understanding these rates, property owners and prospective buyers can make informed decisions regarding their investments.
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 Granby Tax Rate
1.71%
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 Hampshire County Tax Rate
1.63%
Median Effective Massachusetts Tax Rate
1.23%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Granby, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01033 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Granby, Hampshire County, Massachusetts
When examining property taxes in Granby, 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 Hampshire 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 Hampshire County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Granby.
For example, the median home price in Granby is $296,000, with tax bills ranging significantly across the county. Zip code 01033 has the highest median home price at $296,000.
Property Tax Assessment Values Across Granby, Hampshire County, Massachusetts
Source: Ownwell
$189,450
$293,425
$397,400
Median Granby Market Value
$296,000
Median Hampshire County Market Value
$310,200
Median Massachusetts Market Value
$492,600
Median United States Market Value
$235,294
Property Tax Assessment Values Across Granby, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01033 | $207,200 | $241,250 | $296,000 | $391,050 | $514,700 |
Source: Ownwell
Property Tax Bills Across Granby, Hampshire County, Massachusetts
Median Granby Tax Bill
$5,065
Median Hampshire County Tax Bill
$5,000
Median Massachusetts Tax Bill
$5,844
Median United States Tax Bill
$2,400
Property Tax Bills Across Granby, Hampshire County, Massachusetts
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 01033 | $3,545 | $4,128 | $5,065 | $6,690 | $8,806 |
Source: Ownwell
