Average Danvers Single-Family Tax Bill To Rise $160 Under New Classifications

DANVERS, MA — Danvers businesses will shoulder a greater percentage of the tax burden for 2026 as the Select Board approved the shift to help offset the rise in residential property taxes.

With residential property values rising at a faster rate than commercial and industrial values, the shift allows cities and towns to help even out increases each year. Beverly and Peabody are among the North Shore communities that tax businesses at the maximum of 1.75-1 shift, while the Danvers Select Board on Monday approved a shift of 1.5100-1.

Danvers had previously remained below the 1.5:1 ratio in recent years.

The approved shift will increase the average single-family homeowner's tax bill 2.011 percent next year — or about $160 per year.

The average condominium tax bill will rise 2.27 percent and the average two-family tax bill will rise 4.85 percent.

The annual commercial tax bill will rise 4.32 percent, or an average of $1,791. The commercial tax rate is universal across the town — meaning that large corporations cannot be charged a higher-percentage tax bill than small, independent businesses.

The shift was approved as residential property values continue to rise at a faster pace than business and commercial values. Danvers home values grew at an average of 6.5 percent last year, while commercial and industrial values grew at about 5 percent.

Danvers residents pay about 79 percent of the tax in the town, while businesses and others pay about 21 percent.

(Scott Souza is a Patch field editor covering Beverly, Danvers, Marblehead, Peabody, Salem and Swampscott. He can be reached at Scott.Souza@Patch.com. Twitter: @Scott_Souza.)