MASSACHUSETTS — A property tax audit is not necessarily a foregone conclusion.
It depends on the property, how it’s being used and what your taxes are worth.
In Massachusetts, a property tax is supposed to be collected on the last day of the year, after the last payer has filed.
But when the tax year ends in June, property owners who have not filed their taxes in that time are able to reclaim them if they so choose.
And some property owners in Massachusetts can claim property taxes that have been paid by late October.
A Massachusetts state official said the state doesn’t have any official figures on how many property taxes were collected last year, but that it estimated that property taxes paid last year totaled about $1.3 billion.
But the state estimates that property owners could receive more than $2.1 billion from a tax credit in that same year.
And the state also estimates that roughly 7,000 Massachusetts property tax assessors are required to file their taxes.
The Massachusetts property-tax tax audit, called a tax-recovery audit, is designed to help property owners recover money owed, particularly from unclaimed tax-free property.
A property owner can get an audit if he or she files an application with the state within 10 days after the property’s last tax return, according to the Massachusetts Department of Revenue.
The process typically takes about three to five business days.
A property owner, however, does not need to be a taxpayer.
An application with an individual or a corporation, for example, is enough to qualify.
Property owners also can be audited by a third party, such as a business or the IRS.
The audit process typically is not a burden for individuals and businesses, according.
The state doesn`t require a property owner to be present for an audit.
However, in some cases, a lot of the money that a property-owner pays may not actually be a tax refund.
A Massachusetts state audit report obtained by The Associated Press shows that about 1.6 million Massachusetts property taxes owed by late November 2016 were returned to owners as unclaimed or lost.
The property tax auditor that receives the audit report also will need to make sure that all the taxes have been returned.
If they haven’t, they can’t claim the tax.
If the audit doesn`ts show the property owner is the rightful owner, they should contact the property manager.
If the property has been unclaimed, the property-manager should contact a property taxes assessor, who then will review the property.
If a property manager is unable to reach a property administrator, they must contact the Massachusetts Attorney General to file a petition for a writ of mandate, which is a court order to compel the property management to return the property to the rightful owners.
If a property doesn`T have a registered owner, it can be seized and put to the sale.
It can also be seized by a local police officer or a federal agency, which can take it to the county recorder to make the property available for sale.
Property can be sold through the sale of a bank, a pawn shop or a garage sale.