Two and a half decades of Prop. 2 1/2

Souce: Massachusetts Municipal Association (www.mma.org); state Department of Revenue, Division of Local Services (www.dls.state.ma.us) This year marks the silver anniversary of Proposition 2½, the property tax cap passed by voters in 1980. Prop. 2½ essentially limits municipal governments to a 2.5 percent increase in assessed property taxes each year, but officials can bust this cap(...)

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