Massachusetts Tax Sales are not conducted in their 14 counties but rather in all of their municipalities. They are a hybrid state, meaning that you do get a deed but the deed acts like a lien in that it has a six month redemption period. The auctions are conducted using the Premium Bid Method.
The annual Massachusetts tax deed auctions are held at the local municipality level at various times depending on the municipality. The municipalities take ownership of the delinquent property prior to the auction and then sell the property at auction. This process is referred to as “taking” sales. The selling process of the tax delinquent properties varies depending on the taxing municipality. Some municipalities will hold a public sale while others may retain the property for municipality use. After the sale, the successful winning bidder receives a tax deed, which is subject to a six-month redemption period.
More on Massachusetts Tax Sales:
If the property owner redeems the property during the six-month redemption period they must repay the purchase price of the tax deed plus 16% interest. Otherwise the purchaser of the tax deed will receive the full deed to the property at the end of the redemption period, however, the language lends itself to the deed not “self-executing”; best to check with a local attorney BEFORE you buy.
There are 351 Cities and towns in the State of Massachusetts. I will provide you with websites for all of them.
If Massachusetts Tax Sales were run by County I would give them 4 out of 5 in my rating, but since they run it by municipality I’m only going to give them 3 out of 5.
Get a FREE worksheet
Now what I’d like to do is give you guys a worksheet for Massachusetts Tax Sales. Each one of these worksheets is several pages. Each one has all the information I just mentioned plus my personal notes for each state and then links to the states laws, other applicable websites, and links to every single County and in some cases municipality as in some of the northeastern states who run their auctions by city instead of by County. Finally each worksheet has got a map of the state showing the counties for your convenience.
If you would like to have Massachusetts Tax Sales Explained even more, check out some of the links below:
Interested in Tax Sales in Another State?
Tax Sales investing is a niche that has the potential to be insanely profitable.
However, most investors do not have a deep understanding of this investing strategy.
Every state has a unique set of rules and regulations. There are some basic rules you need to understand as to how the process works. Generally, states will fall into one of three categories:
- Tax Lien States
- Tax Deed States
- Hybrid States
Hybrids are states who conduct their tax sales by selling tax deeds with a caveat. The deeds have a redemption period much like a tax lien certificate.
This map provides links to information for every state as well as Washington DC.