'08 property taxes drop in Hub.
Three reasons: Property values continue to sink, commercial development continues to escalate, and Tom Menino got legislation passed that changed the way residential and commercial tax revenue related to each other (until this year, state law barred Boston from reducing residential tax income unless it did the same for commercial properties).
Gail Spector comes back from a trip to Syracuse, NY with two main impressions: Sure, houses are a lot cheaper there, but property taxes are so much higher, like $7,000 a year on $200,000 home.
10% increase in Boston residential property taxes, ayup.
Of course, that's just an average. While the taxes on our humble Colonial in Roslindale will go down about 8% (must be the "semi-modern" bathroom the city thinks we have), Kevin McCrea says the taxes on the properties he owns in the South End and Roxbury are going up between 17 and 30 percent:
Tomorrow, in West Roxbury, Gibran Rivera is holding a community meeting on property taxes. Gibran is running to represent West Roxbury and Jamaica Plain (District 6) in the Boston city council. To be discussed are the estimated doubling of residential property taxes over the next five years, and why a minority of properties (47%) bear all of the city's property tax responsibility.
When: Thursday, November 3, 7:00PM
Where: Theodore Parker Unitarian Church, 1859 Centre St., West Roxbury
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