The property tax on virgin land drops for the 2022 financial year

GREENFIELD, Mass. (WWLP) — The city of Greenfield is cutting the property tax rate by 0.90 cents for fiscal year 2022, the biggest drop in more than a decade.

According to a press release sent to 22News, the new rate will be reflected on the 3rd and 4th quarter bill taxpayers will receive in 2022. Approximately 75% of Greenfield’s real estate is residential property.

“While I am pleased with this news, I do not foresee a significant drop in our tax bills. A higher assessment of our property may result in slightly higher tax bills. That’s how the math works,” said Mayor Roxann Wedegartner. “The tax rate drop of nearly a dollar reflects many factors: the boom in our real estate market over the past two years, the increase in property values ​​through our mandatory residential and commercial reassessment, and a surprising and welcome steady increase in revenue coming into the city through new growth and other increased revenue. It comes at the end of the second year of pandemic-related economic challenges for all. We should all be proud of our City’s perseverance and resilience in these extremely difficult economic times, and appreciate the dedicated commitment of our employees to do what has been asked of them to keep spending on track in the face of financial uncertainty; management outstanding financial support from the finance department under the leadership of chief financial officer, Liz Gilman; and our local industries and businesses for their continued commitment to approx. ers Greenfield.

For more information on the tax rate and the municipal budget process, residents can visit the Municipal Budget 101 page on the city’s website.

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