Do stuff with and for your neighbors
Mass's Prop 1.5, or whatever it is called.
Hi, neighbors... I am a stalker on this site, from S.F., Cal... (I own a condo in Cambridge, with my adult daughter at Harvard. (Ph.D., computer science)...
Out here in SF, and around the state, all is going in the dumpster, econ-wise, due to our Prop 13 law, of 1978.... ( which mandates that each prop is assessed at one percent of its purchase, and then bumped up by 2% of the initial bill each year.
The wolf in sheep's clothing was that commercial propety gets the same treatment, and it hardly ever changes hands... (it will be XYZ Corp that owns a bld, and it stays that way, even when XYZ Corp gets a new owner.
...BUT...in Cambridge... on my condo, the first $198,500 is exempt from r.e. tax, and the rest is taxed at $7.75 per thousand dollars. (less than 1%) So: that, as I see it, is a great deal.
On commercial prop, there is no real exemption, and the tax rate is $18.50 per thousand.
Yet things seem to be thriving, relatively, in Cambridge.
Is it a similar case in Boston?
Out here in SF, and around the state, all is going in the dumpster, econ-wise, due to our Prop 13 law, of 1978.... ( which mandates that each prop is assessed at one percent of its purchase, and then bumped up by 2% of the initial bill each year.
The wolf in sheep's clothing was that commercial propety gets the same treatment, and it hardly ever changes hands... (it will be XYZ Corp that owns a bld, and it stays that way, even when XYZ Corp gets a new owner.
...BUT...in Cambridge... on my condo, the first $198,500 is exempt from r.e. tax, and the rest is taxed at $7.75 per thousand dollars. (less than 1%) So: that, as I see it, is a great deal.
On commercial prop, there is no real exemption, and the tax rate is $18.50 per thousand.
Yet things seem to be thriving, relatively, in Cambridge.
Is it a similar case in Boston?
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