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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 ...
Lakeville voters approved the TIF proposal 396 to 140, enabling the proposed development of a $110 million 650,000 square-foot food distribution center to move forward. The TIF gave Sysco a 13-year progressively smaller tax break, totaling 43 percent of its potential real estate tax liability. It also allowed Sysco to receive state tax breaks.
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.
Plymouth (/ ˈ p l ɪ m ə θ / ⓘ PLIM-əth; historically also spelled as Plimouth and Plimoth) is a town and county seat of Plymouth County, Massachusetts, United States.Located in Greater Boston, the town holds a place of great prominence in American history, folklore, and culture, and is known as "America's Hometown".
A year later, the society lobbied hard for Fall River to pass the Community Preservation Act, a measure that dedicates a portion of real estate taxes to city beautification. In the CPA’s first ...
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The Pinehills is a census-designated place (CDP) [2] located in the Pine Hills region of Plymouth, Massachusetts, United States. At the 2020 census, the population was 4,515. [3] It includes a real estate development that bears the same name. As of 2008, the project is the largest new residential and commercial development in New England. [4]
On the other hand, New Hampshire has neither a sales nor income tax. [ 17 ] According to the Tax Foundation , all New England states but New Hampshire had above average state and local tax burdens compared to the United States average in 2010, although in the study it is readily admitted that "The state-local tax burdens of each of the fifty ...