Council
Passes Tax Deferral Home Rule Petition
Councilors
Linehan, Murphy, and Ciommo filed a home rule petition to defer property taxes
for long-term homeowners. Mayor Walsh
signed the measure, and since it deals with tax policy it will now go to the
state legislature for approval.
Councilor
Linehan filed this matter during previous legislative sessions, but due to
technical language changes the state legislature requested the matter had to be
re-filed this year. Councilor Linehan
expects the petition to pass the legislature this time.
Councilor
Linehan feels the Property Tax Deferral for Long Term Homeowners is vital to
keeping our communities strong. The
ordinance will create an opportunity for long time owner-occupied home owners
to defer half of their taxes until the property is sold.
Councilor
Linehan said of the bill; “I thank
Councilors Murphy and Ciommo for their support, and I look forward to the state
legislature making this a reality for Boston homeowners. Many long-time
residents of Boston face continued tax increases based on assessments of their
property that continue to grow in value.
They bought modest homes decades ago and now find themselves living in
the middle of one of the hottest real estate markets in the country, resulting
in an exponential spike in property taxes. This deferral will give long-term
homeowners some much-needed tax relief and help them to stay in their
homes. I thank Mayor Walsh for his
support, which will be invaluable in making this bill a reality for Boston. The program will help those living on a fixed
income who struggle with the rising costs of living in Boston.”
沒有留言:
發佈留言