Boston’s residential and business property values experienced sharp increase from FY13 to FY19.
Strong growth in existing property value and even greater growth from new building construction and property tax status changes, have combined to increase Boston’s total taxable value by 7% in FY20.
Boston’s assessed property value hit a high of $164B, growing by $72.3B, or 78.4% since FY13. Part I of this five-part series provides an overview of trends in Boston over the last six years. How has economic growth and renewed interest in city living impacted Boston’s assessed property values?