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Lakeville sets residential tax factor at 1, opts to keep single tax rate pending state certification
Summary
After an assessor presentation and resident questions, the Select Board set the residential factor at 1 (maintaining a single tax rate) for FY2026 and directed staff to publish valuation and calculation details; the final rate remains subject to Massachusetts Department of Revenue certification.
The Town of Lakeville Select Board voted Nov. 25 to set the residential factor at 1 — effectively maintaining a single tax rate for fiscal year 2026 — after a statutory tax classification hearing and an assessment presentation.
John Oliveri, chairman of the Board of Assessors, introduced interim principal assessor Harold Scheid, who summarized the assessors' analysis and recommendation to continue a single rate. Scheid said the town is “raising $30,929,229 in tax revenue” for FY2026 and projected a tax rate near $9.74 per $1,000 of assessed value, noting that residential property accounts for roughly…
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