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Massachusetts House Okays Temporary Hike in Boston Commercial Property Taxes

The Massachusetts House of Representatives on Tuesday approved Boston Mayor Michelle Wu’s proposal to authorize the city to temporarily raise commercial property taxes, reported the Boston Business Journal. The approval came after Wu and House legislators agreed to a scaled-back version of the plan, which still needs to pass the Massachusetts Senate before the legislative session ends.

The mayor has agreed to lower the maximum increase in commercial property taxes from what she originally proposed and to cut down the length of the tax hike to three from five years. The rationale behind the increase was to prevent a spike in residential tax bills.

However, because Wu’s proposal came before the Legislature as a home-rule petition, state lawmakers couldn’t modify the legislation themselves, the Business Journal reported. They would have to pass the original petition, and Wu would then make the agreed-upon changes through a future executive order and future funding.

Business groups such as the Greater Boston Chamber of Commerce, NAIOP Massachusetts and the Greater Boston Real Estate Board oppose the new plan, reported the Business Journal. They say it would still hurt a commercial real estate industry already struggling with high vacancies and declining property values.

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Mayor Wu's office

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Policy/Gov't