Frequently Asked Questions - shared from the Town of Franklin FY 2026 Override Information page. There are 40 and a form to ask another question if it is not already listed there -> https://ma-franklin.civicplus.com/Faq.aspx?TID=41
17.What is meant by “new growth”?New growth refers to new construction or other improvements that add to the tax base allowing for an increase in the total tax amount. If a new subdivision of houses is built in an empty field, the extra real estate value of those houses is added to the amount that may be taxed (the levy limit).18.How long is the override in place?An override is a permanent increase in taxes. It would remain in place unless there was a subsequent underride vote.19.Would this impact both residential and commercial tax payers?Yes, both residential and commercial taxes will increase at the same rate.20.How do taxes in Franklin compare to surrounding communities?The average residential tax bill in Franklin is lower than that in many neighboring communities. Please visit the Division of Local Services website for detailed information on tax bills for communities across Massachusetts.
Additional info can be found on the Town FY 2026 Override page -> https://www.franklinma.gov/1089/Fiscal-Year-2026-Override-Information
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| Frequently Asked Questions: FY 2026 Override |
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