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.
Source: boston.com
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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.
Source: wbur.org
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.
Source: bostonherald.com
MA: AG: We don't want to sue towns to make them follow MBTA Communities law
Massachusetts State Attorney General Andrea Campbell filed the suit Tuesday against Milton, where voters earlier this month rejected a zoning plan that would have allowed the ...
Source: masstransitmag.com
AG sues town for rejecting MBTA zoning plan
BOSTON — In a shot across the bow to communities along the MBTA system, Attorney General Andrea Campbell has filed a lawsuit against a South Shore town where voters rejected
Source: eagletribune.com