The Framingham Board of Assessors has been conducting the FY 2024 Five Year Certification Review / Revaluation of all real and personal property as required by Massachusetts State Law. This means that the assessed values of properties have been updated to ensure that all property is assessed at full and fair market value as of January 1, 2023. The revaluation requires the analysis of all sales from calendar year 2022. Sales from the year 2021 were used to value property when the numbers of 2022 sales were insufficient for analysis. Market trends may indicate that different property types may change in value more or less than other property types.

Based on the Revaluation, the average value of single-family homes (101 class) increased by approximately 10.5 %; the average condominium (102 class) increased by approximately 14%; average apartments (111 -125 class) increased by approximately 22%; the average commercial value (300 class) increased by approximately 5.3 % and the average industrial value (400 class) by approximately 8.6 %. Individual parcel valuations may vary from the average class increase due to typical differences, data updates and corrections, new construction and the effect of market trends for specific property characteristics.

This Public Disclosure period required by the Bureau of Local Assessment starts on Wednesday,10/25/2023 to Wednesday 11/01/2023.

Please contact the Assessors’ office during the public disclosure period to ask questions, review, and discuss the proposed values @ 508-532-5415.