The Treasurer shall have the authority to enter into written installment payment agreements with persons entitled to redeem parcels in tax title in accordance with MGL c. 60, § 62A. This by-law shall apply only to owner-occupied residential properties within the Town of Carver with tax title accounts in excess of $5,000 and which have an assessed value of $200,000 or greater and have been in tax title for more than three years.
[HISTORY: Adopted by the Town Meeting of the Town of Carver as indicated in article histories. Amendments noted where applicable.]
[Adopted as Ch. 10, § 10.5, of the 2015 Compilation]
All installment payment agreements shall comply with the following minimum requirements:
A.
The installment payment agreement shall have a maximum term of five years.
B.
The installment payment agreement may include a waiver of up to 50% of the interest that has accrued in the tax title account, but only if the taxpayer complies with the terms of the agreement (no taxes or collection costs may be waived).
C.
The installment payment agreement must state the full amount owed by the taxpayer at the time of execution of the agreement. This amount shall not include any waivers of interest, but shall be the full amount owed to the Town by the taxpayer before such waivers are applied.
D.
The taxpayer must pay at least 25% of the amount set forth in Subsection C above at the time of execution of the agreement.
E.
The installment payment agreement must be in writing and signed by the taxpayer and the Treasurer.
F.
The installment payment agreement must include the amount due upon the execution of the payment agreement and a schedule of all remaining payments to be made by the taxpayer throughout the term of the installment payment agreement.