The city of Boston is contending with more challenges to its property assessments in a part of the city that includes downtown, as property owners seek to shrink their tax bills in the face of Covid-fueled damage to the office real estate market.
For fiscal 2024, officials received 322 abatement applications for properties in the city’s third ward, a 27% jump from fiscal 2023, according to city-provided data. The third ward includes not just Downtown Crossing and the Financial District, but also the North End, West End, Government Center, Chinatown and part of the South End. The deadline to file applications was Feb. 1.
Source: Downtown Boston property-assessment challenges see jump in 2024 – Boston Business Journal
