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Revere holds hearing and adopts minimum residential factor for FY2026
Summary
Council held a hearing and staff recommended adoption of a minimum residential factor for fiscal year 2026; the transcript records the recommendation and that the factor was adopted but does not provide a roll-call tally in the text.
City staff opened a hearing to set the minimum residential factor that assessors will use in calculating the tax rate for fiscal year 2026. Staff recommended the council vote favorably; a factor of 175 (percent) was referenced in the presentation as the recommended setting for residential properties.
The transcript records staff explaining the mechanics of the tax classification process and describing the anticipated effect on residential and commercial rates (staff said residential rates increase while commercial rates would fall under the recommended factor). The hearing record in the transcript indicates the council adopted the recommended minimum residential factor for FY2026; the transcript does not include a roll-call vote tally or the names of a mover and seconder.
The hearing was held under the council’s statutory obligation to convene a public hearing before establishing the residential factor and determining the property tax rate; the transcript contains no statements disputing the legal process. The record does not include details on how the revenue change will affect individual tax bills for specific properties.
