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Parallax34 t1_j0xgopb wrote

Reply to comment by WinsingtonIII in Property taxes going up? by plawwell

This is not actually how property taxes work in MA. Due to Prop 2.5, property values have no bearing on the property tax revenue a municipality in MA generates. Basicaly a town can collect X revenue based on their historical norms. That amount can be increased by 2.5%/yr. Town assessors asses housing values in the town to provide a weighting for your portion of the property tax revenue vs your neighbors. Ultimately the sum of the property values is divided by the revenue the town will collect and that determines the rate.

If all property values doubled next year a towns property tax rate would automatically get cut in half, or vice versa.

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DunkinRadio t1_j0yl6jt wrote

This. I'm always amused by the "property values are down the last few years, so why aren't I paying less taxes" outrage.

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WinsingtonIII t1_j0yppq3 wrote

My mistake, thanks. Either way, it doesn’t sound like OP’s suggestion that property tax rates are going to increase is accurate given the limitations in place.

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