City councilors Steve Murphy (at large) and Bill Linehan (South Boston, South End) today will propose setting a limit on how much a homeowner's property taxes can rise from one year to the next.
The two argue that residents in areas undergoing gentrification are being unduly burdened by the fact that as foreclosed and distressed properties get renovated, their property values - and so their... Read more
Chris Faraone examines the implications of Boston's heavy reliance on the property tax for income.
At least, when it comes to reimbursing Boston for city services.
A new report by the Lincoln Institute of Land Policy in Cambridge looks at "payments in lieu of taxes" negotiated between some municipalities and their non-profit, non-property-tax paying landowners. Boston collects more of these payments than any other city in the country (and Massachusetts has much more cities collecting them than any... Read more
Three reasons: Property values continue to sink, commercial development continues to escalate, and Tom Menino got legislation passed that changed the way residential and commercial tax revenue related to each other (until this year, state law barred Boston from reducing residential tax income unless it did the same for commercial properties).
This contrasts with Brookline, where selctmen tonight... Read more
Gail Spector comes back from a trip to Syracuse, NY with two main impressions: Sure, houses are a lot cheaper there, but property taxes are so much higher, like $7,000 a year on $200,000 home.
Of course, that's just an average. While the taxes on our humble Colonial in Roslindale will go down about 8% (must be the "semi-modern" bathroom the city thinks we have), Kevin McCrea says the taxes on the properties he owns in the South End and Roxbury are going up between 17 and 30 percent:
...... Read more
Tomorrow, in West Roxbury, Gibran Rivera is holding a community meeting on property taxes. Gibran is running to represent West Roxbury and Jamaica Plain (District 6) in the Boston city council. To be discussed are the estimated doubling of residential property taxes over the next five years, and why a minority of properties (47%) bear all of the city's property tax responsibility.
When:... Read more