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Mar 16, 2005
| City of Newton Wins Real Estate Tax Appeal, Denying Property
Tax Exemption to a Premier Retirement Community
NEWTON, Mass - In a precedent setting case with national implications,
the Massachusetts Appellate Tax Board released its findings
of fact and report in the case of Lasell Village v. Board of
Assessors of the City of Newton, denying Lasell Village's claim
that its facility, a premier retirement community that was developed
by Lasell College, is exempt from local property taxes.
Attorneys John M. Lynch and Stephen W. DeCourcey of the Boston
law firm Lynch, DeSimone & Nylen, LLP, represented the Newton
Board of Assessors.
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the article |
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Jan 26, 2005 |
Procedures for Seeking Property Tax Relief
Plummeting office rents, increased vacancies and readily available
sublease space at discounted rents have all combined to negatively
impact the commercial real estate markets in the greater Boston
area and across Massachusetts.
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the article |
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Jan. 24, 2005 |
Tax Relief Procedures Complex for Commercial Property Owners
In light of plummeting office rents, increased vacancies and
readily available sublease space at discounted rents, property
owners might expect that commercial real estate assessments
in the city of Boston and in many other communities in eastern
Massachusetts will decrease in fiscal year 2005. However, several
factors may contribute to a different result, whereby commercial
property owners will likely see level or slightly increased
assessments from a year ago.
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the article |
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May 29, 2004
| Accessing the Impact of Commercial Property Tax Changes
After enduring yet another volatile year in the commercial real
estate market, commercial property owners and managers awaited
the arrival of their fiscal year 2004 tax bills last December,
anticipating downward adjustments in assessed valuations to
account for weakened market conditions.
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the article |
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Dec. 22, 2003 |
Board Rules Lasell Village Not Exempt From City Tax
Lasell Village, an academic senior living facility in Newton,
must pay its fair share of city taxes, the state Appellate Tax
Board recently ruled. Lasell Village had contested its $400,000
annual property tax bill, saying that the almost $40 million
facility was covered under a charitable exemption law.
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Sept. 29, 2003
| Disputes Over Property Taxes Expected to Sharply Increase
One industry watcher is expecting a Massachusetts-wide 20 percent
to 25 percent increase in disputes over commercial real estate
property taxes this year as owners continue the battle with
high vacancy and lower rent rates.
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the article |
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Sept. 25, 2002
| Harvard, Watertown set deal for lost taxes
In what negotiators describe as the most generous community
give back of its kind in the country, Harvard University has
agreed to pay Watertown a minimum of $3.8 million per year in
approximation of the taxes that would be paid on the Arsenal
on the Charles complex. The payments - which would increase
by 3 percent per year so that the check in 2054, the last year
covered by the agreement, will be for $17 million - are seen
by local officials as a major turning point in the long-running
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Sept. 25, 2002
| Harvard, Watertown reach accord on Arsenal
The contentious battle over Harvard University's payment in
lieu of taxes to the Watertown has been settled with a long-term
deal that provides the town a steady stream of income regardless
of how Harvard uses the 30-acre Arsenal site, which has been
redeveloped for commercial use using $100 million in regional
and federal funds.
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the article |
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Feb. 22, 2002 |
Textron abatement case taxing both sides of the issue
The heated property-tax-appeal case that Textron Systems, a
division of Textron Inc., a Providence-based industrial company,
won against the town of Wilmington is officially over. For now,
at least.
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the article |
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Feb. 22, 2002
| Stiff 2002 tax bills attached to some commercial parcels
Commercial property owners in Boston saw their tax bills increase
again this year, despite facing a depressed real estate market
where rental income has eroded.
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the article |
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July 27, 2001
| Harvard land deal puts area towns on the defensive
The increasingly frosty negotiations between Harvard University
and Watertown over the university's payment in lieu of taxes
for the Arsenal site reflects a growing unease over the area's
most powerful and wealthy universities and their hunger for
real estate.
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the article |
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June 15, 2001
| Textron wins landmark tax ruling
WILMINGTON--In a lopsided ruling that could set a new standard
for determining the value of aging industrial properties, the
state's appellate tax board has awarded Textron Inc. a property
tax refund that could total nearly $800,000.
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the article |
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May 12, 2001
| Seniors' housing taxable, judges say
In a case closely watched by housing providers and municipalities,
the state's high court yesterday upheld Springfield's right
to levy property taxes on a complex for senior citizens run
by a nonprofit organization. The Supreme Judicial Court's decision
was hailed as "a major victory for Springfield and its taxpayers"
in a statement issued by the city Board of Assessors. In upholding
a state Appellate Tax Board ruling, the court preserved $411,000
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May 7, 1999 |
Nonprofit developments irking some communities
Officials believe these retirement communities should pay their
taxes
To its supporters, Reed's Landing, a sprawling retirement community
on the wooded grounds of a college campus a few miles from downtown
Springfield, is the perfect example of a not-for-profit organization--a
place where the medical staff tenderly cuts food for Alzheimer's
patients.
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the article |
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April 11, 1997
| Fallout expected after abatement ruling
In the week ahead, the state Appellate Tax Board will release
an explanation of a decision it made last fall which found that
Boston Properties Inc. was entitled to a $1.6 million tax abatement
from the city of Cambridge for the years 1991 through 1995.
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the article |
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