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The Town of Grafton, through Town Meeting vote, has accepted Chapter 44B Sections 3 to 7 and now assesses a 1.5% surcharge on real property taxes annually beginning Fiscal Year 2003.
Read about how assessors determine fair market value.
Three factors determine the property tax rate: the property tax levy, the total assessed value of the community, and classification.
The Assessors are required by Massachusetts law to value all real and personal property within the town.