realestate

Boston Mayor's Tax Relief Bill Wins Over Seniors, Sparks Real Estate Backlash

Boston Mayor Michelle Wu's new attempt at residential tax relief offers hope for seniors facing steep property tax increases.

B
oston Mayor Michelle Wu is reviving her tax relief bill, which has sparked mixed reactions. Senior homeowners who have been hit hard by rising property taxes are cautiously optimistic about the proposal, but the real estate industry remains skeptical.

    The bill aims to provide some respite for struggling senior homeowners, many of whom are finding it increasingly difficult to afford their property taxes. However, commercial interests are concerned that the tax shift could further burden businesses already reeling from economic pressures.

    Wu's decision to reintroduce the legislation comes after its initial failure in the Legislature last year.

Boston Mayor's tax relief bill passes, benefiting seniors, sparking real estate controversy.