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Braintree council adopts 1.75 residential factor shift, approves small-business exemption
Summary
After a public hearing, the Braintree Town Council voted unanimously to adopt a 1.75 residential factor for FY2026 and to approve a small-business commercial exemption; councilors and finance staff described projected valuation, growth and estimated savings for homeowners and qualifying businesses.
The Braintree Town Council on Dec. 2 adopted the mayor’s and board of assessors’ recommendation to apply a 1.75 classification factor to commercial, industrial and personal property for fiscal year 2026, and approved a related small-business commercial exemption.
Finance Director Mike Esman presented the classification hearing packet, saying the hearing fulfills a statutory step that allows the council to set how the property-tax burden is shared between residential and commercial property. Esman presented the fiscal-2026 levy projection (about $127.8 million) and a certified total taxable valuation of approximately $10,488,000,000. He told the council that adopting the 1.75 factor historically shifts a portion of the residential…
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