Wu warns of potential 33% property tax hikes for homeowners if Beacon Hill doesn't act

  • 📰 WBUR
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

During her Radio Boston appearance on Monday, Mayor Michelle Wu shared new draft projections on what the action — or inaction — on her property tax plan would mean for Boston's homeowners and businesses.

A view of Boston from the top of the Massachusetts State House inside the cupola. This is an excerpt from WBUR's daily morning newsletter, WBUR Today. If you like what you read and want it in your inbox,Boston Mayor Michelle Wu’s plan to temporarily tweak the city’s residential-to-commercial property tax ratio is still waiting on, Wu shared some new draft projections on what the action — or inaction — would mean for Boston’s homeowners and businesses.

Option A: If nothing changes, Wu said yesterday homeowners could see a 33% spike in their property tax bill, according to her office’s projections. Meanwhile, older and relatively less expensive Option B: If state lawmakers do approve her plan, Wu says homeowners would still see a 9% increase in property taxes, while Class B and Class C commercial properties would get a lesser 8% decrease in their bill. ice cream from several dozen eateries, from Tallula to Naco Taco.Boston Mayor Michelle Wu on the city's summer plans, Boston Public Schools and the city's next budget

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 274. in PROPERTY

Property Property Latest News, Property Property Headlines