Frequently Asked Questions: Real Estate
(Updated March 2013)
When are real estate tax bills mailed and payments due?
Tax bills are mailed four times a year. The quarterly tax payments are due on the following dates:
August 1st, November 1st, February 1st, May 1st
The bills are sent thirty (30) days prior to these due date.
Where should I mail my real estate tax payment?
Please mail payment to:
|Lynn City Hall
Collector of Taxes
3 City Hall Square
Lynn, MA 01901
|Please make checks payable to: City of Lynn.
For proper crediting, write the parcel number on the check and enclose the top portion of your tax bill.
To obtain a receipt, enclose a self-addressed stamped envelope and both portions of the bill with the payment.
When does the Fiscal Year run in the City of Lynn?
The fiscal year runs from July 1st – June 30th
What are the fiscal year tax rates? (Updated March 2013)
For the current fiscal year, RESIDENTIAL – $16.28 per $1,000.00 of assessed value.
COMMERICIAL, INDUSTRIAL, PERSONAL - $32.82 per $1,000.00 of assessed value.
What happens if I do not pay my tax bill?
Tax payments must be received on or before the due date to avoid interest charges. If payment is not made within 30 days of the original date of mailing, the account will begin to accrue interest at the rate of 14% computed from the date the bill was due. A demand notice will be sent and a demand fee of $15.00 is charged against the account. Please note that the demand notices are only sent on the 4th quarter bills.
If the account remains delinquent after June 30th of the fiscal year, a tax lien (a legal claim placed on property for debt) is placed on the property and is recorded with the Essex County Registry of Deeds In addition, the property is placed in the tax title system. A tax lien is the first step in the foreclosure process. All taxes, costs and interest must be paid to prevent foreclosure (see Treasurer’s Office).
Why should I pay interest on a late payment when I never received my tax bill?
Under state law, failure to receive a bill does not affect the validity of the tax or any interest or fines incurred due to late payment(s). It is the responsibility of the taxpayer to secure his/her tax bill when one is not received.
Who is responsible for the taxes if a property is sold after January 1st?
Although the tax bill will bear the name of the assessed owner as of January 1st, the new owner is responsible for all taxes once the sale of the property is finalized. The amount of tax owed by the old owner is determined at the time of closing and is typically deducted from the selling price. Once this deduction is made, the new owner must pay all bills, as they become due in order to avoid interest, demand fees or foreclosure. The lawyers assisting each party should already have investigated any outstanding taxes and obtained a Municipal Lien Certificate. Once the agreement is made, the new owner is obligated to pay any outstanding taxes due on the property.
What should I do if I recently sold my property, but I am still receiving a tax bill?
If you receive a bill, please forward it to the new owner immediately as it is his/her responsibility to make payment.
What is a parcel number?
The parcel number is the identifying number of each individual property. For example 001-001-001 would be a parcel number.
What happens if the check I mailed "bounces"?
If your check is returned due to insufficient funds, absence of signature, or technical error, we will send you a notice giving him/her four (4) days to come in with cash or a money order. If the bill is not taken care of within the four (4) days the payment will be withdrawn from your account and it will have the same status as an ‘unpaid’ account. At this time a $25.00 bad check fee will be added to your account.
What happens when a tax bill is paid, but you receive a demand notice for tax not paid, or, you find out that you overpaid?
If you or your mortgage company have paid the bill and for some reason you receive a demand notice for nonpayment of tax due, you must provide proof of payment.
Proof of Payment Requirements
Any request for an adjustment in payment, such as a transfer of funds or a refund, must meet the following requirements:
1. Request must be in writing
2. Photocopies of the front and back of the cancelled check(s) applied to the account or original receipts of all payments applied to the account (or any combination of the two) must be submitted
3. For payments made by money order, a photocopy of the original money order, not the “non-negotiable consumer’s copy:’ is required
4. On receipt of the written request and submission of complete documentation, our staff examines the information verifying such with our records and we will notify the taxpayer of out findings
How do I get a Municipal Lien Certificate? How much will it cost and how long does it take?
If you wish to obtain a Municipal Lien Certificate (MLC), the following are required:
1. Property address and parcel number
2. Self-addressed stamped envelope if you wish the MLC be mailed to you
3. Acceptable forms of payment: attorney’s check, personal check, money order, and cash (if in person)
4. The fee for a MLC for Residential homes and condominiums is $50.00 per parcel.
5. The fee for a MLC for Industrial and commercial properties is $75.00 per parcel.
6. Allow ten (10) business days for processing.
Mail request to:
Lynn City Hall
Tax Collector’s Office - Room 204
Attn: MLC Department
3 City Hall Square
Lynn, MA 01901