Make your own free website on Tripod.com
BOSTON’S TAX CRISIS
WILL ANYTHING STOP THIS?
Rise in commercial values
Commercial values have to rise substantially to offset the classification rate drop
We have 9 million sf of empty office space that in the best of times would take 6 years to “absorb”
Decline in residential values
Housing prices would have to decline by over 30% to keep tax increases to 5% per year