At its recent tax classification hearing, the Select Board, acting on the recommendation of Assistant Assessor Todd Laramie and the Board of Assessors, approved a FY26 tax rate of $8.60 per $1,000 of assessed value, a level lower than the town has seen in years. Last year's tax rate was $9.05. Despite the rate reduction, many homeowners will still notice slightly higher … [Read more...] about Marblehead FY26 tax rate lowers, valuations rise
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So, what is an override?
In two and a half weeks, Marblehead voters will determine the fate of a proposed $2.47 million override to plug a structural deficit in the town’s budget fueled by stagnant revenue growth and a historic reliance on free cash. But, what exactly is an override? At its most basic level, an override is a request to permanently increase the tax base, meaning the town will pull … [Read more...] about So, what is an override?