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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 ...
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.
Medford is a city 6.7 miles (10.8 km) northwest of downtown Boston on the Mystic River in Middlesex County, Massachusetts, United States. At the time of the 2020 U.S. ...
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There is a tax exemption for income below a threshold that varies from year to year. The corporate income tax rate is 8.8%, [300] and the short-term capital gains tax rate is 12%. [301] An unusual provision allows filers to voluntarily pay at the pre-referendum 5.85% income tax rate, which is done by between one and two thousand taxpayers per ...