Rapid Fire Update - August 2025
- Harrington Heep, LLP
- 4 hours ago
- 1 min read
DOR Guidance on Interest on Tax Taking Properties
The Division of Local Services Municipal Law Finance Bureau has released Bulletin 2025-6. It describes the impact of Chapter 140 of the Acts of 2024, which amends G.L. c. 60, § 62 to confirm that the reduced tax title interest rate of 8% applies only to property entered into tax title on or after November 1, 2024. Property already in tax title before November 1, 2024, continue to accrue interest at the rate of 16%.
