Boston Mayor Wu Proposes Legislation to Protect Residential Property Owners From Increase in Taxes Caused by Declining Commercial Values
March 29, 2024
March 29, 2024
BOSTON, Massachusetts, March 29 -- Boston Mayor Michelle Wu issued the following news on March 28, 2024:
Mayor Michelle Wu announced she will file a home rule petition that would protect residential property owners from a potentially dramatic increase in their property taxes due to declining commercial property values. The proposal would allow the City to lessen increases in residential property tax bills caused by declining commercial values by temporarily shifting more of the prop . . .
Mayor Michelle Wu announced she will file a home rule petition that would protect residential property owners from a potentially dramatic increase in their property taxes due to declining commercial property values. The proposal would allow the City to lessen increases in residential property tax bills caused by declining commercial values by temporarily shifting more of the prop . . .