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By Barbara Taormina
The City Council voted unanimously to adopt a minimum residential tax factor of .882054 to allow the Board of Assessors to set the tax rate for 2026. The residential tax factor allows the city to shift the property tax burden from residential properties to commercial and industrial properties. A minimum residential factor shifts the greatest portion of the total tax levy allowed from residential property owners to commercial owners.
Dana Brangiforte, Chairman of the Board of Assessors, told the council that Revere has historically adopted the minimum residential factor. “The shift allows us to provide the greatest benefit to the residential taxpayer,” said Brangiforte.
Brangiforte said tax rates for both residential and commercial properties are set to decrease slightly. According to Brangiforte, the commercial rate is dipping from $18.05 this year to $17.74 for 2026. Residential rates are going from $9.07 to $8.94 per one thousand dollars of value. However, as Councillor-at-Large Michelle Kelley pointed out, residents may still see higher tax bills because of the increase in property values.
