Property Laws In Massachusetts
Description
How to fill out Massachusetts Property Management Package?
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FAQ
Massachusetts levies an excise on each vehicle at the rate of $25 per $1,000 of valuation. City or town assessors can access information on a vehicle's value from a database of valuation figures.
Massachusetts Property Tax Rates Tax rates in Massachusetts are determined by cities and towns. They are expressed in dollars per $1,000 of assessed value (often referred to as mill rates). For example, if your assessed value is $200,000 and your tax rate is 10, your total annual tax would be $2,000.
If the property involved in a judgment lien is real property (real estate), the lien must be recorded in the Registry of Deeds in which the property is located. If the property involved is personal property, paperwork will be filed with the city or town clerk.
All personal property situated in Massachusetts is subject to tax, unless specifically exempt by law.
Although a disclosure statement is not required, the state does mandate the disclosure of two types of information to any prospective buyer: the existence and hazards of lead paint, and the presence of a septic system on the property. Sellers in Massachusetts must disclose the presence of lead to prospective buyers.