Boston real estate: Property tax increase

The Boston residential tax rate has increased for 2011 from $11.88 per thousand dollar valuation to now $12.79 per thousand dollars, a 7.65% increase. However, the increase will be softened by an increase residential exemption. Last year, it was $1,486.o7 for owner occupied properties, this year it is $1,594.85.

For commercial and industrial properties, the tax rate will see a 5.65% increase from $29.38 to $31.04.