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Norwood sets FY26 residential/commercial shift at 71%, citing large commercial growth
Summary
After a public hearing, the Norwood Board of Selectmen voted to set the FY26 tax 'tip' (shift) factor at 71%, a choice the board said gives modest residential relief while limiting commercial increases amid unusually large new growth from FM Global and other projects.
The Norwood Board of Selectmen voted Dec. 2 to set the fiscal year 2026 residential/commercial shift (the "tip" factor) at 71% after a public hearing and a presentation from the Board of Assessors.
Assessors, represented by Tim McDonough, told the board the town’s new growth this year is the highest in his tenure, driven largely by the construction of FM Global (cited during the hearing as a roughly $210 million project) and continued activity at the hospital and Moderna. Those changes increased the…
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