Payments by Leasing Companies & Mortgage Companies
Excise Tax Payments made by Leasing Companies
Motor Vehicle Excise Tax Bills are mailed to the owner of the vehicle (as it appears on the official registration) by the town in which the vehicle is garaged.
As a leased vehicle is owned by the Leasing Company during the term of the lease, the annual excise tax bill is mailed to and paid to the town by the leasing company. Reimbursement is then sought from the lessee. If, at the expiration of the lease term, the vehicle is returned to the lessor; the registration is inactivated upon return of the license plate to the Registry of Motor Vehicles. An application for abatement can then be made to the town by the owner (Leasing Company) requesting a refund on excise tax paid for the remaining part of the calendar year.
Massachusetts General Law requires that the tax refund must be sent to the owner of the vehicle, the leasing company. It is the responsibility of the lessee to request reimbursement directly from the leasing company.
Tax Payments made by Mortgage Companies
Over half of Boxford's real estate tax payments are made by mortgage companies on behalf of property owners.
- In accordance with Massachusetts General Law, the tax bill is sent to the "Owner of Record", the person(s) whose name appears on the deed.
- The town does not send either an original tax bill or a copy to a mortgage company; it is the responsibility of the property owner to do so if requested.
- CoreLogic Real Estate Tax Service pays quarterly real estate taxes for multiple mortgage companies.
- CoreLogic, Wells Fargo and Bank of America are provided with electronic copies of the town's billing file each quarter for use in making tax payments. Therefore, mortgage companies that engage the services of these companies do not request~bill copies from taxpayers.
- When refinancing a mortgage, it is prudent to verify with the town that property taxes were paid at the closing