Bill > S1463

This bill aims to improve the process for collecting delinquent property taxes by making several changes to existing laws. It clarifies that municipalities will pay a $30 filing fee for recording documents related to tax collection. The bill also outlines specific criteria for public sales of tax receivables, requiring bidders to be licensed debt collectors and considering factors like price, qualifications, communication plans, and their business presence in the Commonwealth. Purchasers of tax receivables must notify taxpayers within 12 business days, with special, clear, and multi-language notices for residential properties detailing foreclosure rights, redemption procedures, and potential loss of equity. For foreclosed residential properties, former owners will have one year to redeem, with specific notice requirements and a process for vacating the foreclosure if redeemed. The bill also removes outdated language about arresting individuals for taxes and modifies how tax demands are made, ensuring clearer communication for residential properties about potential tax relief options. Furthermore, it allows cities and towns to establish payment agreements for tax titles, with potential interest waivers for eligible individuals, and clarifies the redemption period after foreclosure, extending it to one year in certain cases.