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  1. #1
    Join Date
    Mar 2013
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    18,340

    Default Re: Interest Calculation on Past Due Property Tax in Massachusetts

    Why am I paying interest for many days (12/30-2/1) on which there was no past-due balance?
    You've already been told why "cause that's the way we do it."

    Good luck trying to fight the tax bureaucracy.

  2. #2

    Default Re: Interest Calculation on Past Due Property Tax in Massachusetts

    Adjusterjack, thanks for the answer.
    Does the law say anything about when the interest accrual should stop?
    Is it a common practice (perhaps in many towns in MA) to charge penalty interest upfront as a "non-prorated" lump sum accrued through the date of the next bill??? I've never seen an interest computed this way. An interest is always computed from the due date until the amount past-due is paid in full, not until some future date, which in this case happens to be the next quarterly due date. Essentially, if my payment was only 1 day late I would still have to pay the same interest for 92 days.
    Is it feasible to sue town's tax collector in small claims court? Will the court hear the case?

  3. #3
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: Interest Calculation on Past Due Property Tax in Massachusetts

    Quote Quoting ilya980
    View Post
    Does the law say anything about when the interest accrual should stop?
    I checked the statute you posted. Can't tell anything from it.

    Quote Quoting ilya980
    View Post
    Is it a common practice (perhaps in many towns in MA) to charge penalty interest upfront as a "non-prorated" lump sum accrued through the date of the next bill??? I've never seen an interest computed this way. An interest is always computed from the due date until the amount past-due is paid in full, not until some future date, which in this case happens to be the next quarterly due date. Essentially, if my payment was only 1 day late I would still have to pay the same interest for 92 days.
    I agree. I'm just not sure you can do anything about it.

    Quote Quoting ilya980
    View Post
    Is it feasible to sue town's tax collector in small claims court? Will the court hear the case?
    Before you can sue a government agency there is a special procedure you have to go through.

    See:

    https://malegislature.gov/Laws/Gener...eIV/Chapter258

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