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Fall River council adopts 1.75 tax factor for FY2026 after assessor outlines valuation growth
Summary
The City Council approved a 1.75 tax factor for fiscal 2026 after the Board of Assessors reported overall valuation growth driven by residential increases and several large projects; councilors probed TIF timing and exemptions that shifted taxable value.
The Fall River City Council voted to adopt a 1.75 tax factor for fiscal year 2026 after a presentation by the Board of Assessors showing modest valuation gains across property classes.
Dan Lane, the city’s tax assessor, told the council that residential values rose about 6% on average, commercial values about 3% and industrial about 2%, producing roughly $2.5 million to $2.6 million in new growth this year. Lane listed recent projects that contributed to the rise — King Philip Lofts, a Tayco expansion and an 82,000‑square‑foot cold storage facility along Innovation Way — and said utilities and new substations were…
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