By Shira Levy
Boston University News Service
Mayor Wu has announced a compromise to temporarily increase commercial property taxes. The plan would allow the city to tax commercial property up to 181.5% rate as compared to the current 175% rate. The tax increases are set to reduce projected tax spikes for city residents after Wu’s office shared that an average single-family home in Boston was experiencing a 14 percent property tax increase year by year.
Beat Reporter Shira Levy spoke to Boston residents/renters, city councilors and BU professors about their concerns and insights on the topic.
