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Beverly Council approves 1.75 residential shift, rejects open-space exemption
Summary
The Beverly City Council voted unanimously (8–0) Dec. 1 to adopt a 1.75 residential shift (residential factor 90.1849) for the FY2026 tax levy and to decline an open-space exemption. Assessors said the shift moves about $11.75 million of the levy from residential to commercial/industrial classes.
The Beverly City Council on Dec. 1 approved a 1.75 classification shift (residential factor 90.1849) for the FY2026 tax levy and voted not to adopt an open-space exemption, voting 8–0 to carry both measures.
Francis Golden, chief and chair of the Beverly Board of Assessors, told the council the assessors calculated the shift and its distributional impact. "The assessors recommend a SIP shift of 1.75 for fiscal year 26, the same shift that we've approved since '21," Golden said during the posted classification hearing, noting that the change transfers roughly…
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