Laws & Taxes

Laws & Taxes

Acton Couple Arrested for Defrauding the Treasury Department of Over $50 Million in Tax...

An Acton couple was arrested today and charged with defrauding the U.S. Treasury Department of more than $50 million in tax free energy grants as part of the American Recovery and Reinvestment Act of 2009. Christopher N. Condron, 45, and Jessica Metivier, 41, were charged in an indictment unsealed today with one count of conspiracy to defraud the United States with respect to claims and three counts of wire fraud. They were released on conditions following an initial appearance in federal court in Boston today

Real Estate and Personal Property Tax Payments are Due Wednesday, February 1st.

FY 2017 third quarter Real Estate and Personal property tax bills are due on Wednesday, February 1st. Bills were mailed to all property owners on December 31st, and include both the February payment stub and the May stub which will be due on May 1, 2017.

Framingham Assessor’s get approved for FY2017 values & tax rate

The Massachusetts State Department of Revenue has approved property values and tax rates for the Town of Framingham for Fiscal Year 2017. The new values and new tax rates can be found on the Assessing Department website

Massachusetts District Court Applies Well-Settled Law Affirming MERS’ Role

MERSCORP Holdings, Inc. today announced that Judge Mark L. Wolf of the U.S. District Court for the District of Massachusetts adopted and incorporated Magistrate Judge Donald L. Cabell’s Report and Recommendation, which granted summary judgment to defendants and applied the well-settled law of the First Circuit and the Massachusetts Land Court in affirming Mortgage Electronic Registration Systems, Inc.’s (MERS) role in mortgages in the state.

Mayor Walsh Announces Extension and Expansion of Senior Citizen Property Tax Work-Off Abatement

Mayor Martin J. Walsh today announced the extension of the Senior Citizen Property Tax Work-Off Abatement program. The tax work-off abatement law allows a city or town to establish a program giving property owners 60 years or older the opportunity to volunteer services to their city or town in exchange for a reduction in property tax

FY 2017 Preliminary Real Estate and Personal Property Tax Bills

2017 Real Estate and Personal Property Tax bills are being mailed on Thursday, June 30. These are three part bills with stubs for Quarter 1 due August 1st, and Quarter 2 due November 1st , plus a receipt for your records.

Mayor Domenic J. Sarno Announces Administration’s Recommendation for Fiscal Year 2016 Property Tax Rates

Mayor Sarno reminded residents of the senior citizen circuit breaker income tax credit available when they file their personal income tax returns. In calendar 2013, the last year for which data is reported, some 1174 Springfield households claimed the credit, for an average credit of $718.

AG Healey Statement on U.S. Supreme Court’s Decision Recognizing Disparate Impact Claims Under the...

Attorney General Maura Healey today issued this statement in response to the U.S. Supreme Court’s decision in Texas Dep’t of Housing and Community Affairs v. The Inclusive Communities Project, Inc., that recognizes disparate impact claims under the federal Fair Housing Act (FHA)

Baker-Polito Administration Releases FY16 Capital Budget Plan Investing Over $2.125B in Communities, Infrastructure, Economic...

-The Baker-Polito administration today released the Fiscal Year 2016 (FY16) capital budget, including a $2.125 billion bond cap on General Obligation Bonds, the same level as Fiscal Year 2015, and an accompanying spending plan that invests in communities by budgeting for Chapter 90 transportation funding, extends the Accelerated Bridge Program, makes critical investments in economic development and devotes significant funds toward fixing and maintaining state assets

Justice Department Settles Housing Discrimination Lawsuit Involving North Attleboro, Massachusetts, Apartment Complex

The Justice Department today announced an agreement with J & R Associates, the owner and operator of the Royal Park Apartments in North Attleboro, Massachusetts, to resolve allegations of discrimination against families with children in violation of the Fair Housing Act

MassHousing and Department of Housing and Community Development Announce Loan Closings of $13 Million...

MassHousing and the state Department of Housing and Community Development (DHCD) announced $13 million in Affordable Housing Trust Fund (AHTF) loan closings today for affordable housing in six communities

AG Obtains $1.9 Million Judgment Against Lawrence Company Over Predatory Foreclosure Rescue and Legal...

A Lawrence financial and legal services company and its owner have been ordered by a judge to pay more than $1.9 million for preying upon vulnerable consumers during the foreclosure crisis and engaging in the unauthorized practice of law, Attorney General Maura Healey announced today

AG Coakley Urges FHFA to Use Buyback Programs and Principal Reductions to Keep People...

BOSTON - May 16, 2014 - (RealEstateRama) -- Saying in a letter file size 2MB today that the use of buyback programs and principal reductions are “key to helping homeowners recover from this foreclosure crisis,” Attorney General Martha Coakley urged the new director of the Federal Housing Finance Agency (FHFA) to use buybacks or face legal action

2014 Qualified Allocation Plan for the Low Income Housing Tax Credit

WASHINGTON, D.C. - December 23, 2013 - (RealEstateRama) -- The Massachusetts Department of Housing and Community Development (DHCD) has scheduled a public hearing to solicit comments on the 2014 Qualified Allocation Plan (QAP) for the Low Income Housing Tax Credit (LIHTC). The hearing will be held at 10:30 a.m. on January 3, 2014 in second floor conference room 2B, 100 Cambridge Street, Boston, MA, 02114. At the hearing, interested members of the public will be afforded the opportunity to present data, views or arguments orally relative to the proposed 2014 plan for allocating the low income housing tax credit in the Commonwealth of Massachusetts.

Average Family to Pay $63 Less in Property Taxes Next Year

WASHINGTON, D.C. - December 19, 2013 - (RealEstateRama) -- The City of Boston today announced the property tax rates for Fiscal 2014. The Fiscal 2014 tax rate for residential property is $12.58 per thousand dollars of valuation. The rate for business properties is $31.18 per thousand. Last fiscal year’s rates for residential and business properties were $13.14 and $31.96, respectively. The City’s total assessed value for Fiscal 2014 is $99.8 billion, an increase of 8.3 percent from last year.

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Rising Pending Home Sales in September Could Signify a Busy Fall...

The Massachusetts Association of Realtors® (MAR) reported today that single-family pending home sales jumped over four percent this month from September of last year, with prices rising close to five percent. Pending condominium sales were also up, rising more than three percent over last year, while prices increased slightly. Realtors® confidence in the market and in home prices were both up again in September. This month’s “Hot Topic” question asks Realtors® how they would describe the appraisal process in the last six months