Boston Mayor Michelle Wu says homeowners in the city will likely see a 13% increase in property taxes beginning in January, as the mayor continues her long fight with Beacon Hill lawmakers to shift more of the city’s tax burden to commercial property owners.
At a media briefing Tuesday, Wu said rising residential property values alongside dropping commercial property values “will continue to put pressure” on residents in an “unsustainable” way. Next year’s tax increase will translate to $780 for the average homeowner, she said.
City officials said they are still awaiting final confirmation of the rates, which will come when the Massachusetts Department of Revenue approves submitted property values.
Source: Mayor Wu: Boston residents’ property taxes to increase 13% in January | WBUR News
