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How Worcester Loses Out...

How Worcester Loses Out on $20 Million in Property Taxes Annually

Full and original article posted on GoLocalWorcester

Worcester has more than 1,500 nonprofits exempt from property taxes that would otherwise pump $21 million into city coffers. This puts the burden squarely on the shoulders of residential taxpayers.

Tax exempt properties make up 21 percent of the tax base here, according to a report from the Worcester Regional Research Bureau (WRRB), “Benchmarking Economic Development in Worcester: 2012.” Recent trends show that figure is likely to climb.

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