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Mayor's home-rule petition would set tax rates, expand senior relief and allow one-time rebates if state does not act
Summary
Mayor Michelle Wu filed a home-rule petition that would set fiscal-year 2025 tax rates at levels tied to an earlier compromise, expand the senior exemption, raise the personal property exemption for small businesses, and allow a one-time rebate pool if the Legislature does not approve rate changes in time.
The mayor's home-rule petition on residential tax relief, reviewed at a Jan. 27 joint council hearing, combines several measures the city says are designed to blunt large, recent property-tax increases for homeowners and renters.
The administration described the package as mostly the same language the council previously approved in an October compromise that later stalled at the State House, with two notable additions. First, the petition would set fiscal-year 2025 tax rates at the levels the city would have adopted if the October compromise had been enacted. Second, it adds authority for the city to appropriate a one-time residential tax "rebate" for people who received the residential exemption in FY25 if the state does not authorize the rate changes by March 1, 2025.
The package…
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