"In a Dec. 3 letter to the Boston City Council, Mayor Michelle Wu noted that the average residential property tax bill has ballooned 34% since 2023 because of declining commercial real estate values. The 13% increase in 2026 will amount to an average rise of $780 per household. In the letter, Wu urged state legislative passage of a multiyear residential tax relief home-rule petition."
"Passage of the home-rule petition is needed to shift more of the tax burden from Boston homeowners to its commercial property owners, Wu wrote. This is because in contrast to residential real estate, commercial real estate is projected to see a 6% decline in assessed value next year. The tax bill for an average class A office tower would decline by 4.4%, or $210,000, compared to the 13% hike for private homes."
Boston residential property tax bills will rise 13% in January 2026, amounting to an average $780 increase per household. Average residential tax bills have increased 34% since 2023 amid falling commercial real estate values. Commercial property assessments are projected to decline about 6% next year, reducing taxes on some office towers by about 4.4% or $210,000 for an average class A office tower. A multiyear residential tax relief home-rule petition is positioned to shift more of the tax burden toward commercial property owners. The petition passed the City Council and the Massachusetts House twice but stalled before a Senate vote.
Read at Boston Condos For Sale Ford Realty
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