Boston Property Taxes Hit Five Percent of Home Value
The report notes Boston homeowners face taxes of about $3,500 on a $60,000 home, representing 14 to 16.5 percent of gross income for a $50,000 home owner and a 28.6 percent hike last year. Experts warn higher rates may trigger suburban flight and slow home rehabilitation as taxable values rise. Proposals in multiple states seek to cut the tax burden or shift revenue, while Boston sees tax exempt properties rise from 42 percent in 1967 to 58 percent in 1977, with over $2 billion of property untaxed.
MENTIONED IN THIS ARTICLE
Boston
The
National Association of
Andrew Hickey
Boston Board of Realtors
Secies
Arizona
Housing market defies 85 percent ill health claim
Oliver H Jones of the Mortgage Bankers Association argues the housing market remains healthy with 15 percent buyers driving activity. He notes strong single family sales and predicted 1977 starts around 1.7 to 1.8 million as young families move from rentals to ownership without new borrow now pay later schemes.
MENTIONED IN THIS ARTICLE
John Wetmore
Mortgage Bankers Association of America
Mortgage glossary of terms for home buyers explained
A concise glossary defining closing, closing costs, commitment, conventional loan, escrow payment, FHA, GI loan, hazard insurance, home mortgage loan, lien, mortgage discount, origination fee, prepayment clause, quitclaim deed, title searching, title, and title insurance with brief notes on each term and its role in lending.
MENTIONED IN THIS ARTICLE
FHA
Federal Housing Administration
Veteran's Administration
Local firm expands Century 21 Golden Realty with Mesa office
Alice E. Golden announces the new Century 21 Golden Realty Mesa office at 263 West Baseline Road in Mesa. The Westside office at 7821 North 35th Avenue has operated for over two years with Jack Baer named residential manager and Quinn Black heading the commercial division.
MENTIONED IN THIS ARTICLE
Century 21
Golden Realty
Shoeman Lane
Ope
Alice E. Golden
Baseline Rd
Mesa
Westside
35Th Ave
Golden
Jack Baer
New Mesa
Quinn Black
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