More than 50 percent of property in the city of Boston — state buildings, church grounds, college campuses, etc. — is tax exempt. These charts, stats, and graphs illustrate Boston’s property tax addiction: rising costs, a declining real estate market, and state restrictions on how much cash the city can collect.
beantown counter More than 50 percent of property in the city of Boston -- state buildings, church grounds, college campuses, etc. -- is tax exempt. These charts, stats, and graphs illustrate Boston's property tax addiction: rising costs, a declining real estate market, and state restrictions on how much cash the city can collect. 2009 [FIGURE 1] Residential $56.6 billion Who oWns What Residences account for most of Boston's land value. total PRoPeRty value 65% business $30.2 billion 35% $86.8 billion $2.26 billion 2011 2007 $2.16 billion How m u on ca cH bost ct n colle $2.17 billion 2011 on collects How mucH bost 2007 $1.54 billion 2009 $1.38 billion $1.27 billion [FIGURE 6] hoW mUch boston can lEvy Boston could face trouble if it needs to collect more property taxes than it is entitled to by state law. 2010 2009 2012 $2.3 billion $2.39 billion [FIGURE 2] $2.4 billion 2007 Who Pays What Businesses pay the bulk of the property taxes. Residential $601 million $2.19 billion [FIGURE 5] hoW mUch boston sPEnds 2003 39% total PRoPeRty taxes business $938 million $1.54 billion $1.86 billion Boston's total budget is on the rise, but the amount of money the city can raise through property taxes is limited. 61% 2011 [FIGURE 4] $1.6 billion hoW mUch PRoPERty Is WoRth The residential property market has leveled off and is in decline -- casting a shadow over the city's primary revenue source. 2007 2004 2001 2004 2011 2008 $1.5 billion 2009 $59.29 billion $44.31 billion $29.23 billion $1.2 billion $56.53 billion 17,277 cost of city woRkeRs 2004 20011 Residential 16,277 16,055 numbeR of city woRkeRs [FIGURE 3] 2011 $30.2 billion business 2001 2004 hoW mUch cIty EmPloyEEs cost The price of city workers is skyrocketing, even though the city has slashed jobs to cut costs. 2007 $27.22 billion $21.27 billion $21.83 billion DATA fRoM BosTon MunicipAl Rese ARch BuRe Au AnD The ciT y of BosTon; GR Aphic By TAyloR ARGenZio