Redemption
12 mo
Max interest
8%
You buy a tax title that conveys the property through the state's process. The owner has 1 year to pay you back. You earn 8% interest a year. The bidding method is not documented. Sales are held on a schedule that varies by county.
Sale type
M.G.L. c.60 ss.53, 62
https://malegislature.gov/laws/generallaws/parti/titleix/chapter60/section53“the collector may take such land for the town, first giving fourteen days' notice of his intention to exercise such power of taking”
Redemption
M.G.L. c.60 ss.62, 65
https://malegislature.gov/laws/generallaws/parti/titleix/chapter60/section65“may bring a petition in the land court for the foreclosure of all rights of redemption of said land either after 12 months from the sale or taking”
Interest
M.G.L. c.60 s.62
https://malegislature.gov/laws/generallaws/parti/titleix/chapter60/section62“interest at 8 per cent upon the original sum for which the land was taken or sold, from the date of sale”
Bid method
M.G.L. c.60 s.62
https://malegislature.gov/laws/generallaws/parti/titleix/chapter60/section62“if the land has been taken or purchased by the town and has not been assigned”
Sale timing
M.G.L. c.60 s.53
https://malegislature.gov/laws/generallaws/parti/titleix/chapter60/section53“If a tax on land is not paid within fourteen days after demand therefor and remains unpaid at the date of taking, the collector may take such land for the town”
Municipality takes land for nonpayment of taxes; owner/assignee redeems by paying the treasurer the tax title account plus 8% (c.60 s.62); foreclosure by petition under c.60 s.65. Official Massachusetts General Laws. | Prose: tax title (municipal foreclosure) | 8% per year on the original sum | at least 12 months (until a petition to foreclose the right of redemption is filed) | n/a (municipal tax taking; town holds the tax title) | varies by municipality
Municipality takes land for nonpayment of taxes; owner/assignee redeems by paying the treasurer the tax title account plus 8% (c.60 s.62); foreclosure by petition under c.60 s.65. Official Massachusetts General Laws.
| County | FIPS | Platform | Health |
|---|---|---|---|
| Barnstable County | 25001 | — | not_started |
| Berkshire County | 25003 | — | not_started |
| Bristol County | 25005 | — | not_started |
| Dukes County | 25007 | — | not_started |
| Essex County | 25009 | — | not_started |
| Franklin County | 25011 | — | not_started |
| Hampden County | 25013 | — | not_started |
| Hampshire County | 25015 | — | not_started |
| Middlesex County | 25017 | — | not_started |
| Nantucket County | 25019 | — | not_started |
| Norfolk County | 25021 | — | not_started |
| Plymouth County | 25023 | — | not_started |
| Suffolk County | 25025 | — | not_started |
| Worcester County | 25027 | — | not_started |