Word: taxed
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1949
Sort By: most recent first
(reverse)
Since the city cannot get enough money to run itself from valuations it must turn to the tax rate for a source of income. The assessment valuation plus the tax rate gives an index figure which a city must maintain to operate properly. Thus, throughout Curley's administrations, the tax rate has been going up and, if the valuation were to drop to the real value of the land now, the tax rate would be even higher...
Comparisons with other cities don't mean too much either. Though New York City has a tax rate of only $29.00 it gets 54 per cent of the New York State revenue which is possibly the highest State revenue in the country; New York also has a two percent sales tax which places some of the tax load on the people who buy in the city. In New Jersey, the municipal tax rates range up to $100 per thousand but, just the opposite of New York, New Jersey has only tiny income and corporation taxes...
Inasmuch as Boston has an enormous greater metropolitan population, the city's tax rate reflects the cost of services for all the daily commuters. In Massachusetts, the low State revenue contributes only a taken share to the city of Boston's coffer. Thus many of the low tax rates in the surrounding towns and cities are the result of Boston's taking care of the big population most...
...further explicitly illegal way that the Assessors make money. By paying the price demanded, an owner could have his valuation cut down; even with exorbitant fees, the owners can still save enough to make the proposition worthwhile to them. about a month ago, the Little Building had its yearly tax could cut $300,000 on a dubious assessment rebate. Both Curley's strong opponents propose to eliminate this racket...
Worse than this for the city's finances, some property owners pay lower taxes by having their assessed valuation lowered; the tax officials who do this lowering charge the land owners exorbitant fees. Such practices have discouraged many industries from remaining in Boston and have repulsed capable administrators from City Hall...