The sharp decline in office building values is likely to become a growing problem for the budgets of cities, schools and other jurisdictions that depend heavily on property taxes from these building owners. Most municipal budgets haven’t suffered much yet. For a variety of reasons, declines in property values typically take years before they are […]
Residents of Massachusetts can expect an increase in the average property owner’s tax rate by next year. The Department of Revenue has reported that 21 community property tax rates have been approved and all but the towns of Eastham and Alford plan to increase rates on residential and commercial property (Boston Business Journal). The expected […]
State officials have announced a plan to ask businesses neighboring the Rose Fitzgerald Kennedy Greenway to help pay upkeep costs. Currently, the park is run by the Rose Fitzgerald Kennedy Greenway Conservancy, a government funded non-profit organization. State officials hope to conserve public funding by instituting a tax on surrounding business owners to pay for […]
