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Flat_Construction395 t1_jckhmgh wrote

Landlord here. I rent to family/friends at much below market rate because I'd rather have tenants there that I can trust than try to maximize profits. Haven't raised rents since I bought the property a few years ago.

As much as the housing market has gone insane the last few years, the increase in Worcester property taxes is a significant driver in landlords upping rent. My property taxes increased 33% over the course of 3 years. City officials love to brag about lowing the per thousand tax rate, but at the same time they've jacked up their assessments which has significantly increased homeowners property taxes.

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iterable t1_jcv3zzf wrote

But Worcester had to have s stadium that no one at least I know cares about. I doubt home owners even showed up to the city council meeting to debate the cost. But in the end the renters take the hit due to apathy in local politics. I also heard a rumor that it may get a lot worse. Seeing a number of city employees leaving before the news drops.

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jbcg t1_jckybh3 wrote

Our assessment increase this year was like +40K on a 1300 sf condo, this compounded for multiple units would be very painful. Yiiiiikes!

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