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A January 13th article in the Boston Herald speaks of the increasing tax burden faced by Massachusetts residents due to the rising real estate property taxes. The rising rates, which this past year increased as much as 16.6% in Boylston, are compounded by the skyrocketing real estate values. "Tax bills are calculated by multiplying the town's rate, typically set toward the end of each calendar year, by the property's assessed value, divided by $1,000."
These increases are being met with mixed emotions from the residents of Massachusetts. On the one hand, some residents are happy to see their real estate rising in value and realize that taxes are a necessity of life, while others are angered by the increases and have been forced to relocate. Because property tax increases are determined by the community that one lives in, there is a wide gap in the percentage increase between communities.
The individuals who are being hit the hardest, are those on a set income like retiree......
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Title: Taxation Article
Approximate Word Count: 395
Approximate Pages: 2 (250 words per double-spaced page)
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