Boston Mayor Michelle Wu proposes temporarily raising commercial property tax rates to help homeowners during office property value slump.

Boston Mayor Michelle Wu proposes temporarily raising commercial property tax rates to help homeowners avoid the impact of office property value slump. The proposal aims to redistribute the tax burden without raising additional revenue for the city. This move would favor homeowners while potentially deepening the pain for commercial real estate amid a nationwide drop in office demand due to remote work.

April 08, 2024
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