slides: Tax Breaks for Developer - See the Special Deals

Friday, October 10, 2014

 

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Check out which downtown properties are seeking a renewal of their tax breaks. 

 

Related Slideshow: Tax Breaks for Developer - See the Special Deals

Below are the four properties seeking a renewal of tax breaks that were set to expire soon. For each, the address and owner are listed, along with the total amount they would normally pay in taxes over the five-year term of the agreement, the amount they would pay under the deal, and the difference between the two. Data is from the city Internal Auditor. 

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236 Westminster St.

Building Name: Alice Building

Assessed Valuation: $3,680,500

Taxes without TSA: $676,292

Taxes with TSA: $385,486

Difference: $290,806

Note: Payment estimates are based on current valuations and an assumed tax rate of $37.75 per $1,000 in value.

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249 Westminster St.

Building Name: Peerless Building

Assessed Valuation: $12,843,700

Taxes without TSA: $2,360,030

Taxes with TSA: $1,345,217

Difference: 1,014,813

Note: Payment estimates are based on current valuations and an assumed tax rate of $37.75 per $1,000 in value.

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220 Westminster St.

Building Name: Burgess/O'Gorman Buildings

Assessed Valuation: $2,004,800

Taxes without TSA: $368,382

Taxes with TSA: $209,978

Difference: $158,404

Note: Payment estimates are based on current valuations and an assumed tax rate of $37.75 per $1,000 in value.

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210 Westminster St.

Building Name: Wilkinson Building

Assessed Valuation: $1,188,300

Taxes without TSA: $218,350

Taxes with TSA: $124,460

Difference: $93,890

Note: Payment estimates are based on current valuations and an assumed tax rate of $37.75 per $1,000 in value.

 
 

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