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Select Board adopts FY2026 residential factor, maintains 1.75 shift
Summary
After a public hearing and extended discussion about revaluation, abatements and commercial new‑growth, the Needham Select Board set the FY2026 residential factor at 0.8988, which incorporates a 1.75 tax shift, and voted to adopt the classification for setting tax rates.
The Needham Select Board voted Nov. 25 to establish a residential factor of 0.8988 for fiscal year 2026, a decision that incorporates the board’s continuation of the 1.75 tax shift that places a larger portion of the burden on commercial and industrial property owners than on homeowners.
Director of Assessing Julie Castadillas told the board the Department of Revenue has certified Needham’s values. Needham assessed about 10,919 parcels this year and a total taxable value of…
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