State Tax Form 99 - Financial Hardship Fiscal Year - Application For Property Tax Deferral Page 4
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4F. SIGNATURE. Sign here to complete the application.
This application has been prepared or examined by me. Under the pains and penalties of perjury, I declare that to the
best of my knowledge and belief, this return and all accompanying documents and statements are true, correct and
complete.
Signature
Date
If signed by agent, attach copy of written authorization to sign on behalf of taxpayer.
TAXPAYER INFORMATION ABOUT FINANCIAL HARDSHIP PROPERTY TAX DEFERRAL
FINANCIAL HARDSHIP DEFERRAL. You may be able to defer all or a portion of the taxes assessed on your domicile if
you do not have the financial resources to pay them because of a change to active military service (not including initial
enlistment), unemployment, illness or other type of temporary hardship. Qualifications are established locally by the
board of assessors. More detailed information may be obtained from your assessors.
WHO MAY FILE AN APPLICATION. You may file an application if you owned and occupied the property as of July 1,
lived in Massachusetts for at least the previous 10 years and meet all qualifications for a financial hardship deferral.
REPAYMENT. Unlike an exemption, a tax deferral simply allows you to postpone payment of your taxes. If you qualify,
you must enter into a tax deferral agreement that may cover a maximum period of three consecutive fiscal years. At the
end of the deferral, the deferred taxes must be paid, along with interest. You may pay the deferred taxes in five annual
installments, with each installment equal to one-fifth the total deferred taxes, plus interest on the unpaid balance. The
first installment is due two years after the last year of the deferral.
Once you have entered into a tax deferral agreement, the assessors will record a statement at the Registry of Deeds. That
statement continues the lien that already exists on your property by law to ensure the payment and collection of your
taxes. Once the deferred taxes are repaid, the lien is released. However, if the deferred taxes are not paid, your city or
town will be able to recover the amount by foreclosing on the lien in Land Court.
INTEREST. You may also apply for a hardship deferral in either or both of the next two years. If you qualify, you may
defer taxes so long as the amount due, including accrued interest, does not exceed 50% of your share of the full and fair
cash value of the property. Interest at an annual rate of 8% per annum is charged on deferred taxes until the property is
sold, your death, or the death of your surviving spouse if a new agreement has been entered into. The interest rate then
increases to 16% per annum until the deferred taxes are paid.
WHEN AND WHERE APPLICATION MUST BE FILED. Your application must be filed with the board of assessors by
December 15 or 3 months after the actual bills were mailed for the fiscal year, whichever is later. THIS DEADLINE
CANNOT BE EXTENDED OR WAIVED BY THE ASSESSORS FOR ANY REASON. IF YOUR APPLICATION IS NOT
TIMELY FILED, YOU LOSE ALL RIGHTS TO A DEFERRAL AND THE ASSESSORS CANNOT BY LAW GRANT YOU
ONE. AN APPLICATION IS FILED WHEN RECEIVED BY THE ASSESSORS.
PAYMENT OF TAX. Filing an application does not stay the collection of your taxes. Failure to pay the tax when due
may also subject you to interest charges and collection action. To avoid any additional charges, you should pay the tax as
assessed if possible. If a deferral is granted and you have already paid the entire year’s tax as deferred, you will receive a
refund of any overpayment. If you are unable to make your payments, inform the assessors when you file your
application.
ASSESSORS DISPOSITION. Upon applying for a financial hardship deferral, you may be required to provide the
assessors with further information and supporting documentation to establish your eligibility. The assessors have 3
months from the date your application is filed to act on it unless you agree in writing before that period expires to extend
it for a specific time. If the assessors do not act on your application within the original or extended period, it is deemed
denied. You will be notified in writing whether a deferral has been granted or denied.
APPEAL. In order to obtain a review of the assessors’ decision on your application for a financial hardship deferral, you
must bring a civil action in the Superior Court or Supreme Judicial Court. This action must be brought within 60 days of
the decision.
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