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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.
Royall H. Switzler (born September 27, 1938 in Boston [1]) is an American politician who served in the Massachusetts House of Representatives from 1973 to 1975 and again from 1977 to 1986. He was a candidate for Governor of Massachusetts in 1986 until he dropped out after inaccuracies about his military record were revealed.
Taxing jurisdictions levy tax on property following a preliminary or final determination of value. Property taxes in the United States generally are due only if the taxing jurisdiction has levied or billed the tax. The form of levy or billing varies, but is often accomplished by mailing a tax bill to the property owner or mortgage company. [48]
Within four years of repealing the law, Cambridge, where "the city's form of rent control was unusually strict," saw new housing and construction increase by 50%, and the tax revenue from construction permits tripled. [12] Property values in Cambridge increased by about $7.8 billion in the decade following the repeal. [10]
Ninety percent of the petitions filed at the ATB are appeals of local property taxes. The remaining cases are appeals by taxpayers regarding all state taxes, including the income tax, sales, and use taxes, the bank excise tax, the corporate excise tax, and others. The court sits at the Government Center in Boston, Massachusetts.
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Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...
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