"It’s by any standard a dream house — a single-family townhouse on the much-desired sunny side of Commonwealth Avenue in Boston. And at $21 million, which is what it sold for last November, not exactly a bargain. Well, that is until you look at its bargain basement tax assessment — a mere $12.5 million.
What a deal, right?
But for a city looking to capture more revenue, it’s a lost opportunity when high-end properties aren’t taxed at their full market value.
And it comes at a time when Mayor Michelle Wu bemoans the 13 percent rise in the city’s residential property tax rate — and lays the blame on a Legislature reluctant to go along with her proposed tax-shift plan to put an increased burden on commercial real estate."
Continue reading the article with the shared link -
