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Some good news for Boston homeowners

By adamg on Tue, 12/04/2007 - 10:13am

'08 property taxes drop in Hub.

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 are expected to raise residential property taxes.

Topics: 
Home 'n' hearth
Free tagging: 
Tom Menino
Development
property taxes


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Comments

By Anonymous on Tue, 12/04/2007 - 3:02pm.

Cool! My real estate taxes more than doubled (from $2000/year to $5000+) in the last ten years, and now the taxes will be reduced by an average of $147.00.

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By Bostonian on Tue, 12/04/2007 - 5:03pm.

Whining about a tax break?

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