If you own property in the City of Boston (or are thinking about owning), either Residential or Commercial, you will be interested in the following tax related information. The Boston Municipal Research Bureau, an independent organization that studies the City of Boston’s finances, recently issued the Boston Real Estate Tax Classification System and Structure Report. In a nutshell it calls for legislation honoring the Classification Compromise of 2004.
Residential tax values (the amount of funds coming into the city) increased from 2006 to 2007 due to new construction, primarily new Boston condominium developments, however, residential tax rates decreased slightly over the same period.
Keith Munsell 
