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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.
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.
This proposed law would remove the Massachusetts sales tax on alcoholic beverages and alcohol, where the sale of such beverages and alcohol or their importation into the state is already subject to a separate excise tax under state law. The proposed law would take effect on January 1, 2011.
Boston, Massachusetts: At the presses of S. Hall, and Thomas & Andrews. OL 23272543M. Edwin P. Conklin, Middlesex County and Its People: A History. In Four Volumes. New York: Lewis Historical Pub. Co., 1927. Samuel Adams Drake, History of Middlesex County, Massachusetts: Containing Carefully Prepared Histories of Every City and Town in the County.
Wakefield holds yearly major town meetings to discuss the budget. As it is a town, not a city, Wakefield's main decisions are made, in the New England style, by a Board of Selectmen, which works in collaboration with a town administrator. Stephen Maio is the town administrator as of 2025. [3]
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 ...
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 ...
The Common District encompasses the main civic center of Wakefield, Massachusetts. It is centered on the historic town common, just south of Lake Quannapowitt, which was laid in 1644, when it became the heart of Old Reading. The area was separated from Reading as South Reading in 1818, and renamed Wakefield in 1868. [2]
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