Massachusetts Division of Local Services Issues Information on Property Tax Exemptions Under TIF Agreements

The Massachusetts Division of Local Services Dec. 1, 2019 issued an informational guideline release explaining the implementation of property tax exemptions available under various programs to promote affordable housing in urban centers, manufacturing workforce development, and construction of middle-income housing. The division explained that five property tax exemptions are available under the Economic Development Incentive Program, the Urban Center Housing Tax Increment Financing Zone, the Manufacturing Workforce Training Tax Increment Financing Plan, and the Workforce Housing Special Tax Assessment Plan, where the taxes are exempted either through a tax increment financing agreement or a special tax assessment. The division also ...