Bill > H3336

This bill aims to improve the process for collecting delinquent property taxes. Key provisions include: 1. Setting a $30 filing fee for municipalities to record documents related to property tax collection. 2. Establishing criteria for the public sale of tax receivables, including that only licensed debt collectors can participate. 3. Requiring tax receivable purchasers to provide detailed notices to property owners about the foreclosure process and their rights to redeem the property. 4. Allowing municipalities to establish payment plans and interest waivers for property owners, especially elderly or disabled individuals, to help them redeem their properties. 5. Giving the Land Court exclusive jurisdiction over the foreclosure of tax titles, while allowing property owners a 1-year redemption period if the tax title was sold to a third party. Overall, the bill aims to provide more transparency and consumer protections in the tax receivable sale and foreclosure process, while also offering tools for municipalities and property owners to work together to address delinquent taxes.

Budget and Finance

https://malegislature.gov/Bills/190/H3336