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Is your current real estate strategy considering the potential rise in Boston property taxes? Mayor Michelle Wu is raising concerns about how booming property values might result in higher residential taxes. This could particularly hurt seniors, low-income households and housing insecure individuals. New policies and reforms are on the horizon to protect homeowners. These include home-rule petitions, local control of tax rates, breaks for homeowners and additional tax on property sales over $1.5 million to support social housing. Such changes could impact your real estate investments significantly. Are you prepared? Can your strategy withstand these fluctuations without impacting your bottom line? It might be time to reassess and adjust your real estate plan. Do you have the expertise to navigate these reforms? Consider seeking expert advice. Reach out to real estate expert Joe Turco. With deep industry knowledge and keen foresight, he can guide through potential pitfalls and identify lucrative opportunities in the evolving Boston real estate market. #BostonRealEstate #BostonRealtor #eXpRealty #Boston #TurcoGroup
