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Real Estate Group Plans Anti-Transfer Tax Campaign

Real Estate Group Plans Anti-Transfer Tax Campaign
bankerandtradesman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bankerandtradesman.com Daily Mail and Mail on Sunday newspapers.

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Municipal leaders call for approval of transfer fee

BOSTON — Municipal leaders are calling on state lawmakers to approve a proposal authorizing cities and towns to charge a transfer fee on real estate transactions to drum up money

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Municipal leaders call for approval of transfer fee

BOSTON — Municipal leaders are calling on state lawmakers to approve a proposal authorizing cities and towns to charge a transfer fee on real estate transactions to drum up money

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Municipal leaders call for approval of real estate transfer fee

BOSTON — Municipal leaders are calling on state lawmakers to approve a proposal authorizing cities and towns to charge a transfer fee on real estate transactions to drum up money

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Boston tax bill may open up election year debate

Boston tax bill may open up election year debate
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Should the state ban institutional home buyers?

Between 2004 and 2018, nearly 1 in 5 of all residential properties sold in Greater Boston were purchased by an investor or some form of corporate entity.

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Should Mass. ban corporate home buyers?

Between 2004 and 2018, nearly 1 in 5 of all residential properties sold in Greater Boston were purchased by some form of institutional entity.

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Wu moves to blunt tax burdens for city homeowners: 'New normal' for revenue drop?

Faced with a sharp downturn in office property values in Boston, Mayor Wu is trying to cushion the blow of rising tax bills expected for owners of residential property. Last week, she announced plans to file a home rule petition with the Boston City Council that would allow for the shift in the tax burden to be reduced and slowed down temporarily.

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Wu seeks commercial property tax rate increase to prevent a spike in residential taxes

Mayor Wu plans to file legislation that would allow Boston to increase property taxes on businesses. The move comes as commercial property values have dipped due to inflation and the post-pandemic shift to remote and hybrid work. A recent report found the city may lose $1.4 billion in tax revenue over the next five years due to empty office spaces.

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Boston Mayor Wu rolls out 'emergency' plan to increase commercial tax rates

Mayor Michelle Wu rolled out an “emergency law” to allow Boston to begin increasing property taxes on businesses beyond the state limit next year, saying that residents could otherwise face higher taxes driven by a decline in commercial values.

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