Back to top

Tax agreements

Last updated: 8/25/17

Tax agreements

The City has tax incentive programs to advance its economic development and housing goals. Below is a description of these programs. The agreements that we executed under each program are also provided.

Chapter 121A of the Massachusetts General Laws allows cities/towns to suspend the imposition of real property taxes on properties determined to be blighted in order to encourage redevelopment of such properties by Chapter 121A Corporations. 121A project owners make an alternative tax payment each year that consists of 1) an excise PILOT that is collected by the Commonwealth and distributed to the City, and 2) a payment resulting from a 6A agreement that is entered into, by law, between the 121A project owner and the City relating to City services available to the development. Most 121A projects are housing for low- and moderate-income residents. The 6A agreement for each 121A project is available in the section below.

Chapter 121B of the Massachusetts General Laws allows cities/towns, at a community's option and through their urban renewal agencies, to undertake public actions to address substandard or blighted open areas for residential, commercial, industrial, business, government, recreational, educational, hospital or other uses. In lieu of property taxes, we may require that 121B project owners enter into an agreement to make annual payments to the City. You can get individual 121B agreements in the section below.

Tax Increment Financing ("TIF") and Special Tax Assessment ("STA") are property tax incentives that are available to businesses in Massachusetts. In return for substantial job creation, TIF agreements provide businesses with tax relief on the incremental growth in their property's value for up to 20 years while STA agreements provide businesses with tax relief by providing a phased-in assessment of the total value of the property from 5 to 20 years. TIF and STA plans must be approved by a vote of the City Council. You can get individual TIF and STA agreements in the section below.

Still have questions? Contact:
Assessing
1 City Hall Square
Room 301
Boston, MA 02201-2011
United States
Need to know
  • The tax agreements provided below are effective as of January 1, 2017.
  • Still have questions? Call the Tax Policy Unit at 617-635-1127.

Tax Agreements by Program