4.43% Citywide Reassessment Increase
Summary
Property values across Suffolk rose $813.9 million this cycle, which at the current tax rate means about $8.7 million in added revenue — setting up a tax-rate debate during budget season. Notices go out soon with appeal hearings through April and June.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Feb 18, 2026.
Impact analysis
Roughly $8.7 million more in revenue at the current $1.07 tax rate — meaning higher tax bills unless council lowers the rate.
The city budget gains revenue; commercial owners benefit from the rebalanced load shifting slightly off residential ratepayers.
Homeowners facing higher assessments and tax bills, especially those whose neighborhoods saw large increases from new construction.
Mentions & discussions (1)
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