Agenda Summary
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Chief Assessor presenting proposed FY 2026 Tax Classifications and requesting the adoption of a minimum residential factor for FY 2026 and acceptance of Massachusetts General Law Chapter 59 Section 5C, a residential exemption of 35% of average assessed value for owner-occupied properties.
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Official Text
To the Honorable City Council:
As Chief Assessor and Chairman of the Somerville Board of Assessors, I respectfully request adoption of the tax levy percentages for the fiscal year 2026 under MGL Chapter 797.
In the course of my presentation, I will propose:
1. The adoption of a minimum residential factor for the City in FY 2026.
2. The acceptance of MGL Chapter 59 Section 5C, approving a residential exemption of 35% of average assessed value for owner occupied properties for FY 2026.
I will be available at the meeting to answer any questions you may have.
Respectfully Submitted,
Francis J. Golden, MAA, Chief Assessor and Chairman of the Board of Assessors