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Lakeville sets residential factor at 1, keeps single tax rate; assessors project $9.74 per $1,000
Summary
After a public hearing, the Lakeville Select Board adopted the assessors' recommendation to keep a single tax rate for fiscal 2026 and set the residential factor at 1; assessors projected a $9.74 per $1,000 rate and an average single‑family tax increase of about $170 (2.7%), pending Department of Revenue certification.
The Lakeville Select Board on Nov. 25 opened and closed the statutorily required fiscal 2026 tax classification hearing and voted to set the residential classification factor at 1, effectively maintaining a single tax rate for all property classes.
Assessors presented a preliminary levy and rate calculation showing the town would raise about $30,929,229 in tax revenue for fiscal 2026 and that the estimated tax rate would be approximately $9.74 per $1,000 of assessed value. "We are, this year for fiscal year 2026, raising $30,929,229 in tax revenue," the interim principal assessor said during the presentation, and later noted he was "projecting ... a lower tax rate, $9.74 per thousand." The Board of Assessors had…
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