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Assessors recommend — and Select Board adopts — single tax rate for FY26; rejects residential and small‑commercial exemptions
Summary
Following a presentation by the Board of Assessors on FY26 valuations and tax‑shift scenarios, the Southborough Select Board voted to keep a single tax rate for fiscal year 2026 and to decline adoption of both the residential exemption and the small commercial exemption.
After a detailed presentation from the Board of Assessors, the Southborough Select Board on Nov. 4 voted to adopt a single tax rate for fiscal year 2026 and not to adopt either the residential exemption or the small commercial exemption.
Deputy assessor and assessors explained that the town’s total taxable valuation rose to about $3.924 billion for FY26, an increase of roughly $136 million (about 3.6 percent). Residential values rose faster than commercial and industrial values, leaving commercial/industrial/personal property (CIP) classes at roughly 15.73 percent of the town’s total valuation — a share assessors described as low compared with…
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