Boston Hit With Suit Over Retaliatory Property Tax Inflation (1)
Bloomberg Tax News
A class action lawsuit alleges Boston intentionally inflated property tax assessments on commercial buildings seeking abatements.Summary
A proposed class action lawsuit filed in Massachusetts Superior Court alleges that Boston deliberately increased the assessed value of commercial real estate owned by companies seeking property tax abatements. The complaint, brought by property owner HS 148SST LLC, claims the city failed to recognize the diminished fair market value of at least 60 office buildings due to the rise of remote and hybrid work models. The lawsuit asserts a “deliberate, highly calculated, and comprehensive scheme” to artificially inflate assessed values, and is based on property record cards obtained from the city showing these increases.
(Source：Bloomberg Tax News)