Bill > H2549

This bill seeks to improve the process for collecting delinquent property taxes by municipalities. The key provisions include: 1. Setting a flat filing fee of $30 for municipalities to record any documents related to the collection of delinquent property taxes. 2. Establishing criteria for the public sale of tax receivables, including qualifications and experience of the offeror, communication plan, and good standing with the Department of Revenue. Only licensed debt collectors are eligible to participate. 3. Requiring the new tax receivable purchaser to provide detailed notices to the taxpayer within 12 business days of the purchase, informing them of the foreclosure process, redemption options, and potential loss of equity. 4. Allowing the tax receivable purchaser to foreclose on the property, but requiring them to provide a one-year redemption period and detailed notice to the former owner, with any surplus auction proceeds split between the owner and municipality. 5. Modifying sections of the law to improve the transparency and fairness of the tax collection and foreclosure process, including expanding notice requirements and redemption options. Overall, the bill aims to streamline the delinquent property tax collection process while providing more protections for taxpayers and ensuring municipalities can effectively recover unpaid taxes.

Budget and Finance

https://malegislature.gov/Bills/191/H2549