Boston’s Tax Shift Backfires on Businesses | Boston News

Boston Mayor Michelle Wu’s push to shift property tax burdens from homeowners to businesses hit a major snag—new data reveals Boston homeowners pay among the lowest rates in the nation. With commercial properties taxed over five times higher and generous exemptions for residences, the real culprit behind affordability may not be taxes at all. As office vacancies soar and downtown economies strain, critics argue Wu’s plan could backfire, urging instead that boosting housing supply is the smarter long-term fix. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/879823eb58f71eaf