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Boston property values drop for second year

Posted on 14 June 2011

The total taxable value of Boston’s properties fell in fiscal 2011 for a second straight year, but showed signs of bottoming out as some residential values ticked higher, a new study shows.

The Boston Municipal Research Bureau on Monday said taxable value of the city’s properties fell by $456 million or 0.5 percent, after slumping 3.5 percent in fiscal 2010. Residential property values inched up 0.5 percent, while total business property values fell 2.4 percent……………………………………….Full Article: Source

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