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The Legislature has authorized local governments to administer the property tax under state supervision, and to set property tax rates locally. A 1980 law, passed by popular ballot and known as "Proposition 2½," sets limits on property tax and automotive excise tax rates. There are three parts to the property tax limit calculation.
The statewide budget included $919 million for transportation in FY2009, not including $797M in sales tax revenue dedicated to the MBTA. [16] [17] [18] Local cities and towns also receive vehicle excise tax revenues, and levy property taxes. Both state and municipal agencies can levy fines for parking and traffic violations.
WORCESTER — With tax season here, the Worcester Free Tax Service Coalition is launching its 21st year of working to make tax credits and preparation more accessible to low-income residents.
Excise taxes on tobacco raised $12.4 billion in fiscal year 2020. [2] The tax equals $1.01 per pack of 20 of cigarettes. Federal excise tax revenue from tobacco products peaked in fiscal year 2010 at $17.2 billion after the increase in tobacco product tax rates in the Children's Health Insurance Program Reauthorization Act of 2009. This tax ...
State Rep. Kay Khan, D-Newton, filed numerous bills since 2011 to raise the alcohol excise tax and establish an alcohol sales tax in Massachusetts. “I wish I had the answer,” said Khan when ...
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Proposition 2½ (Mass. Gen. L. c. 59, § 21C) is a Massachusetts statute that limits property tax assessments and, secondarily, automobile excise tax levies by Massachusetts municipalities. The name of the initiative refers to the 2.5% ceiling on total property taxes annually as well as the 2.5% limit on property tax increases.
Worcester (/ ˈ w ʊ s t ər / ⓘ WUUST-ər, locally ⓘ) [4] is the second-most populous city in the U.S. state of Massachusetts and the 114th most populous city in the United States. [a] [5] Named after Worcester, England, the city had 206,518 people at the 2020 census, [6] also making it the second-most populous city in New England, after Boston, Massachusetts.