Next week, the Fall River City Council will hold a public hearing and may vote on proposed real estate tax rates for residential and commercial property owners. Residents will likely pay more in taxes for FY 2027.
In setting the rate, the council can shift the tax burden to commercial property owners to the highest allowed factor of 1.75. At that level, the residential tax rate would be $11.47 per $1,000 valuation, down one cent from $11.48 for FY 20256. The commercial rate would drop to $23.46 per $1,000 valuation, compared to $23.58 last year.
The median home value across the city is up from a year ago. The median value of a single-family home in Fall River is now $419,477, compared to $405,164 a year ago.
Based on the rate of $11.47 per $1,000 valuation, the median-valued single-family home will see a tax bill of $4,811, up from $4,651 in FY 2026.
A public hearing on the tax rates is scheduled for Tuesday at 5:55 pm in city council chambers.
