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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 ...
Proposition 2½ lowered this rate to $25.00 per $1,000 of car valuation, resulting in a 2½ per cent excise tax rate, [5] but can still increase 264%, to the previous 6.6% tax rate if a Proposition 2½ operational override (see below) is approved by ballot in a community during a general (or special referendum) election.
Property taxes are generally administered separately by each jurisdiction imposing property tax, [12] though some jurisdictions may share a common property tax administration. Often the administration of the taxes is conducted from the taxing jurisdiction's administrative offices (e.g., town hall). The form and organization varies widely.
In the early 1630s, a Praying Indian village named Shawshin was at the current site of Billerica, [3] commonly spelled Shawsheen today, as in the Shawsheen River.In 1638, Massachusetts Bay Governor John Winthrop and Lt. Governor Thomas Dudley were granted land along the Concord River in the area, and roughly a dozen families from Cambridge and Charlestown Village had begun to occupy Shawshin ...
Map of locations by per capita income. Areas with higher levels of income are shaded darker. Massachusetts is the second wealthiest state in the United States of America, with a median household income of $89,026 (as of 2021), [1] and a per capita income of $48,617 (as of 2021). [2]
The administration of real estate tax is handled by the municipality in whose territory the real estate lies. In cities with multiple city districts, the tax administration of real estate tax is handled by the department of local taxes and fees and not by the city districts. For example, Bratislava or Košice. [55]
Billerica: Town Middlesex Representative town meeting 42,119 26.4 sq mi (68.38 km 2) 25.9 sq mi (67.08 km 2) 1655 Fitchburg: City Worcester Mayor-Council 41,946
There have also been attempts since then to introduce land value tax legislation, such as the Federal Property Tax Act of 1798, [15] and HR 6026, a bill introduced to the United States House of Representatives on February 20, 1935 by Theodore L. Moritz of Pennsylvania. HR 6026 would have imposed a national 1% tax on the value of land in excess ...