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Select Board keeps single tax rate (residential factor of 1) after long hearing on valuations and distribution of tax burden
Summary
Following an extended presentation by Town Assessor Lee Kimani Bong and a prolonged board and public discussion about commercial valuations and fairness, the Select Board voted to continue a single tax rate (residential factor = 1) and oppose residential and small-commercial exemptions.
The Northborough Select Board voted Nov. 17 to continue a single tax rate for fiscal year 2026, adopting a residential factor of 1 and opposing a residential exemption and a small-commercial exemption as recommended by the Board of Assessors.
Town Assessor Lee Kimani Bong presented FY26 valuations, saying total town value rose roughly $207.5 million (about 4.6%) between calendar 2024 and the valuation date and that new-growth dollars added about $591,277 to allowable levy growth. Lee presented the mechanics by…
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