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Chapter 61 is a voluntary current use program designed by the Massachusetts Legislature to tax real property in the Commonwealth of Massachusetts at its resources value rather than its highest and best use (development) value. Landowners who enroll their land in the program receive property tax reductions in exchange for a lien on their ...
Here are the 10 best and 10 worst states for property taxes. ... Most people know that New York City is an expensive place to live, but the rest of the state is no picnic either. ... The effective ...
Here’s what you need to know. Read: 3 Ways Smart People Save Money When Filing Their Taxes. ... So, someone earning $20,000 a year pays $1,000 in Massachusetts state income tax, and someone ...
Income tax isn’t imposed on Americans as some sort of draconian, punitive measure. Rather, taxes are used to fund the government, providing everything from military defense to health insurance ...
Massachusetts Question 3, filed under the name, the 3 percent Sales Tax Relief Act, appears on the November 2, 2010 ballot in the state of Massachusetts as an initiative. The measure, if enacted by voters, would reduce the state sales tax rate from 6.25 to 3 percent. The measure was sponsored by the Alliance to Roll Back Taxes headed by Carla ...
Liquor retailers in the state had argued that the 6.25 percent sales tax on alcohol is making sales decline, that more people are heading to New Hampshire to buy their alcohol, since that state is tax-free. According to retailers, liquor sales in Massachusetts have declined from 10 to 40 percent in the past year. [7]
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