Massachusetts ranks in the top 6 worst states for property tax competitiveness

BOSTON (WWLP) – A current rating discovered that Massachusetts is among the many worst states on property tax competitiveness.

In Massachusetts, property taxes account for a giant share of tax income, and a current evaluation reveals simply the place we stand. The map was put out by the nonprofit Tax Basis, a gaggle that favors tax insurance policies that create financial development.

Massachusetts ranks within the prime six worst states for property tax competitiveness, together with our neighbors Connecticut, Vermont, New York and New Hampshire.

The Massachusetts Fiscal Alliance, a gaggle that favors tax reductions, is worried with our excessive property taxes, in addition to the proposed surtax on households over $1 million. They consider this might trigger companies to go away the state.

“This tax proposal being pushed by the legislator, if it passes it’s going to push lots of people out of the state together with companies. Which suggests, the state goes to want to discover a solution to elevate much more cash for property taxes if these companies go away,” stated Paul Craney of the Massachusetts Fiscal Alliance.

The highest ranked states for property tax competitiveness had been Indiana, New Mexico, Idaho, Delaware, Nevada and Ohio.

Now supporters of the surtax proposal look to the added income it could carry to training and transportation.