Quarterly Tax Billing

QUARTERLY TAX BILLING
 

The Fiscal Year begins July 1^st of any given year and ends June 30^th of the following year

Fiscal Year 2022 begins July 1, 2021 and ends June 30, 2022.
 

Real Estate and Personal Property Bills are issued four times per year

The first two bills issued are preliminary, the second two are actual
 

The first bill mailed prior to June 30^th and will be due on August 1st. (August 2, 2021 will be a Monday). This bill covers the period from July 1^st through September 30^th. This is bill equals one quarter of last year’s total real estate tax bill. No tax rate or property assessment will appear on this bill.
 

The second bill will be mailed out prior to September 30^th and will be due on November 1, 2021 (November 1, 2021 will be a Monday) and covers the period from October 1^st through December 31^st. This bill is calculated in the same manner as the 1^stQuarter Payment. No Tax Rate or property assessment will appear on this bill.
 

The third bill will be mailed out prior to December 31^st and will be due on Tuesday, February 1st, 2022 and covers the period from January 1^st through March 31^st. This bill will show the property assessment, the tax rate and the total amount owed for the current Fiscal Year, including any betterments or other charges. The amount due will be based upon 50% of the actual taxes minus the first two preliminary payments. For example: if an individual paid $2,000 in preliminary bills ($1,000 on August 1^stand $1,000 on November 1^st) and the actual tax bill on the property is $5,000 ($5,000 minus $2,000 equals $3,000), the taxpayer would then owe 50% of the balance due or $1,500. The due date for the bill and for any requests for an abatement (a lowering in assessed value for a legitimate reason) are the same. For more information regarding  filing for an abatement, please see the link on the assessors web page titled “How to File for an Abatement”.
 

The fourth and final bill will be mailed out prior to March 31^st and will be due May 2nd.  (May 2, 2022 will be a Monday)  and covers the period between April 1^st and June 30^th. This bill reflects the balance due after the first three quarterly payments.
 

If you have any questions concerning quarterly tax billing, please contact the Assessing Department at 781-334-9450.  For questions concerning payments, please contact the Treasurer Collector’s office at 781-334-9430.
 

Please visit the Town of Lynnfield’s website located at: www.town.lynnfield.ma.us