Tags: tax

Boston Eyes Commercial Tax Hike to Counter Office Market Dip

Boston Eyes Commercial Tax Hike to Counter Office Market Dip

By Brooke Sutherland and Sri Taylor Boston Mayor Michelle Wu is seeking to raise commercial property tax rates to help protect homeowners from the brunt of the historic slump in office property values. Wu has submitted a petition for a temporary increase of the city’s tax-rate ceiling for commercial properties relative to residential levies. The proposal aims to redistribute the tax burden […]

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State auditor clears way for $3B in excess revenue to be returned to taxpayers

State auditor clears way for $3B in excess revenue to be returned to taxpayers

State Auditor Suzanne Bump announced Thursday that her office has determined that the state’s tax revenue last year exceeded the allowable limit by nearly $3 billion, confirming the estimate put forward by Gov. Charlie Baker and clearing the way for the money to be returned to taxpayers. Chapter 62F, a law approved by voters in 1986, sets limits on […]

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IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

IRS Chief Pushes Congress for Law Change on Land-Rights Tax Deals

By Richard Rubin via The Wall Street Journal Rettig says abusive syndicated conservation easement transactions persist despite stepped-up enforcement WASHINGTON—Internal Revenue Service Commissioner Charles Rettig sought congressional help Tuesday in stopping land-rights deals that the government views as abusive transactions. Mr. Rettig said so-called syndicated conservation easements have continued despite years of stepped-up IRS enforcement that now […]

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Commercial property tax increases in 2013

Commercial property tax has increased in and around the Boston area. The 2013 numbers are out and communities such as Everett, Framingham, and Holyoke experienced increases in their already sky high rates. Everett’s commercial property rate is much higher than any other city in the area at $43.04 for every $1,000 of assessed property value. […]

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Property Taxes to Increase

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 […]

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