Boston's plan to shift property taxes from homes to businesses advances in state legislature.

Boston Mayor Michelle Wu's proposal to shift property tax burdens from residential to commercial real estate has been advanced by the Massachusetts State House. The measure aims to mitigate spikes in residential property taxes due to declining downtown commercial values post-pandemic. Approved by the House, the bill now moves to the Senate, where it must pass by December to affect 2025 tax bills. Critics argue the city should reduce spending instead.

November 25, 2024
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