Entries by Eileen McAnneny

Massachusetts Split Property Tax Rates – Considerations for the Current Economic Climate

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Many taxing jurisdictions distinguish among the various property types and treat them differently. Common property classifications include: residential, commercial, industrial, and agricultural.

A majority of states, some 60 percent, use some kind of classification, but those classifications vary in scope and effective tax burden (i.e., the actual amount of tax paid after credits, deductions and other changes are taken into account.) Classifications are also operationalized differently among states. Some use a set rate for different types of properties and others use a ratio of assessment and market values.

Senate Tax Package Misses the Mark on Competitiveness

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The Senate tax package, S.2397, is heavy on provisions that reduce the tax burden for certain taxpayers, thereby helping those that qualify for the expanded credits and deductions. The bill, however, is light on provisions that will improve the Commonwealth’s competitiveness.

Gov. Healey’s Tax Plan: Not Enough on Competitiveness

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In an effort to deliver “an affordable, equitable and competitive tax structure for Massachusetts,” Governor Maura Healey on Feb. 28 unveiled her tax package. While her proposal makes significant strides in addressing affordability and indirectly improves equity, it does little to address the issues of competitiveness.