After Wu Agrees to Changes, House Passes Boston Tax Bill
State representatives are ready to move forward on a proposed property tax rebalancing plan for the city of Boston after Mayor Michelle Wu agreed to scale back the changes.
Boston City Councilors OK Commercial Tax Rate Hike
A coalition of real estate and business groups suffered a setback Wednesday in their campaign to keep Boston leaders from increasing their property tax rate to compensate for falling office values.
In Speech, Wu Defends Downtown Strategies, Tax Rate Plan
Speaking to the Boston Municipal Research Bureau’s annual meeting Thursday, Boston Mayor Michelle Wu said her plans to increase troubled office towers’ share of the city’s tax burden were vital to “avoid making our housing crisis worse.”
Amid CRE Tax Rate Hike, Should Boston Be Tightening Its Belt?
Only days after announcing a plan to seek state approval to raise property tax rates on commercial property owners, Boston Mayor Michelle Wu filed a $4.6 billion budget plan for 2025 that would hike city spending by 8 percent, or $344 million.
Wu Begins Talks With Lawmakers on Tax Bill
The mayor’s proposal would allow the city to lessen increases in residential property tax bills by temporarily levying that increased tax on commercial real estate for up to five years.
Boston Mayor Shocks Real Estate with Office Tax Rate Hike
The scale of Mayor Michelle Wu’s planned massive hike to tax rates on office, lab and retail buildings comes at a terrible time. And she seems to be ignoring an important alternative strategy.
Office Slumping, Wu Seeks to Hike Commercial Tax Rate
Boston Mayor Michelle Wu is seeking the option of shifting a larger portion of the city’s property tax levy onto commercial and industrial properties as soon as fiscal year 2025 to compensate for anticipated declines in values.
