Threat of “Dramatic” Tax Bill Increases Exaggerated

Marc Levy’s 2018 article on “Tax Bill” changes.
Cambridge’s levy limit table shows that it has ranged between $117M and $189M of excess levy capacity since 2014.
Cambridge’s 30% residential exemption exempts up to $375,800 in FY2019, for a tax savings of $2232.
SimCity’s advisors give important information.
FY2018 tax letter indicates commercial levy is 171% of what it would be under a single tax rate.
FY2018 tax letter indicates commercial levy is 164% of what it would be under a single tax rate.
A 2.5 story home in a typical neighborhood in Cambridge.
1920 brick, 5 story apartment building on a corner in Cambridge
Example tax payment increases in FY2019 show 82% of properties pay tax increases of < $250/year.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store