Holyoke reports $3.26 billion in certified FY2026 property values; personal-property audit drives much of new growth

Staff member (Speaker 1) told the City of Holyoke council that the Department of Revenue, Division of Local Services has certified fiscal year 2026 property values for the city and presented the breakdown by property class.

The certified total valuation for the city was presented as $3,255,040,033. Staff read the class totals as residential $2,568,000,454, commercial $515,446,442, industrial $8,700,000,218,004 (as presented in the packet) and personal property $83,920,008.80. Speaker 1 said single-family homes increased about 8% year over year and that personal property rose 18.7% largely because a new audit found previously underreported assets.

Why it matters: certified valuations set the base for the levy limit and the tax-rate calculation. Staff included a levy-limit worksheet in the packet and said the 2026 levy was shown as…