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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 ...
These limits refer to the entire amount of the annual tax levy raised by a municipality. The property taxes are the sum of: (a) residential real property; (b) commercial real property; (c) industrial real property; and (d) business-owned personal property. In practice, it usually limits the tax bills of individual taxpayers, but only as an ...
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 ...
This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
It covers the town of Billerica in Middlesex County. [1] [2] Republican Marc Lombardo of Billerica has represented the district since 2011. [3] [4] The current district geographic boundary overlaps with that of the Massachusetts Senate's 4th Middlesex district. [5]
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]
Middlesex County is a county located in the Commonwealth of Massachusetts, United States.As of the 2020 census, the population was 1,632,002, [1] making it the most populous county in both Massachusetts and New England and the 22nd most populous county in the United States.
For many municipalities in the United States, property taxes are the primary source of revenue. The amount of forgone tax revenue as a result of these tax-exempt land parcels is significant. The president of the city council of Baltimore, MD, recently estimated that his city loses $120 million annually from these foregone taxes. [16]