|Primary Sale Type:||Redeemable Tax Deed|
|Sale Date(s):||Varies: set by taxing jurisdiction|
|Bid Type:||Varies: set by taxing jurisdiction|
|Rate of Return:||16% per annum|
|Redemption Period:||6 months from date of sale|
|Statute Section(s):||MA General Laws - CH 60|
The two most populous areas in Massachusetts are Middlesex (1,503,000+) and Worcester (798,000+) County.
Massachusetts is a Redeemable Tax Deed state and does not offer any Tax Lien Certificates. The collector shall give notice by publication of the time and place of sale of land for nonpayment of taxes. If the taxes are not paid, the collector shall, at the time and place appointed for the sale, sell by public auction the property for which taxes are delinquent.
Auction Process / Redemption:
'Taking' - a process carried out only in Massachusetts. This is when the Municipality takes action against a tax delinquent property owner, and attempts to gain ownership of the property through the land court process. The Municipality must prove to the county in the land court that the tax payer is delinquent and the court will grant the property to the Municipality, after which they may choose to sell it, or absorb it into the City, and so forth. The land court process takes as long as 18-24 months.
|Resource||Description||Instructions and Additional Information|
|The Official Website of the Commonwealth of Massachusetts||Contact information and websites for Massachusetts Commonwealth Communities.||NA|