Boston Shows Strength in Bond Sale
Boston’s financial position earned the highest ratings from Moody’s Investment Services and S&P Global in 2019. Both rating agencies cited the risk of climate change as a key issue in their ratings reports.
Author: bmrb
BOSTON HOMEOWNER TAX BENEFIT
Boston homeowners enjoy a very favorable property tax situation due primarily to the City’s 35% residential exemption and its shifting of the property tax burden to business property through its maximum application of classification.
BOSTON’S PILOT PROGRAM at YEAR 7
Boston’s PILOT Program a success, bringing $33.6M to the City as well as a standardized program that is recognized nationally.
Boston’s Tax Rates Set for FY19
Substantial new growth drove Boston’s property tax levy increase of $133.4M or 6%, far greater than the Proposition 2½ levy limit of 2.5%. New growth, primarily from residential new development, contributed $78.7M, the largest new growth amount ever.