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Treasurer/Collector's Office
Contact Information
Office
Hours: 8:30 a.m. - 4:30 p.m., Monday -Friday
Postal
Address: 1625 Massachusetts Avenue, Lexington, MA 02420
Location:
Town Hall, 1625 Massachusetts Avenue, First Floor
Telephone:
(781) 862-0500 + extension (as listed below)
Fax:
(781) 860-7003
Description of Services
The
Treasurer/Collector is appointed
by the Town Manager and supervised by the Comptroller/Finance Director.
He issues over 100,000 bills each fiscal year, including
real estate and personal property taxes (quarterly), motor vehicle excise tax
(annually) and water and sewer charges (semi-annually).
The Treasurer/Collector's office processes parking ticket payments and issue refunds
for abatements granted by the Board of Assessors. The
office pursues timely collection of all bills and maintains a collection rate of
over 98% of property tax bills. The
Treasurer/Collector establishes and maintains Tax Title accounts on delinquent real
estate tax accounts.
The
Treasurer is responsible for the receipt, investment and
disbursement of all Town funds. Staff manages all town bank accounts, conducts both short term
and long term borrowing for the Town and invests available funds.
The Treasurer/Collector's
Office staff members also manage School Student Activity
Accounts, specialized bank accounts set up for each elementary and secondary
school for the processing of collection and spending of funds supplied by the
students for their extracurricular activities.
FY2008 Real Estate Tax Information
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Fiscal
Year 2008 fourth quarter tax bills have been mailed to all property
owners. If you are a Lexington property owner and have not received
your bill, please contact the Revenue Office at 781-862-0500 x265.
Fourth quarter bills are due May 1, 2008. |
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The
amount of tax shown on the 4th quarter bills is actual based on the
approved tax rates shown below, as were the 3rd quarter bills. 1st and 2nd quarter bills were estimated. Generally, each bill was based on ¼
of the prior year (FY2007) tax bill plus amounts to reflect the 2.5%
growth in the Town's tax levy allowed under Proposition 2 ½ and the
override voted on June 5, 2007. The 3rd and 4th quarter bills (issuance dates
of 1/01/08 and 4/01/08 respectively) are actual tax bills based on tax
rates adopted by the Board of Selectmen in December 2007. Also, all
quarterly bills include an amount for the annual Community Preservation
Act surcharge approved at the town election on March 6, 2006. |
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For
residential property owners, the CPA surcharge is calculated as 3% of
a parcel's net tax. The net tax is calculated by multiplying the
fiscal year residential tax rate by a parcel's assessed property value
minus a $100,000. For commercial and industrial property owners, the
surcharge is calculated as 3% of a parcel's full assessed value
multiplied by the commercial/industrial tax rate. |
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Please
note that certain qualifying property taxpayers are eligible for an
exemption from the CPA surcharge. To find out more about exemptions
and the Community Preservation Act, please click
here. |
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The
Fiscal Year 2008 tax rates are as follows: |
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Fiscal Year 2008
Tax Rates |
| Residential
properties |
$12.52
per $1,000 of assessed value |
| Commercial
and industrial properties and for personal property |
$23.63
per $1,000 of assessed value |
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Applications
for property tax and CPA surcharge exemptions can be filed at the
Assessor's office. The deadline for filing for an application for
property tax abatements is February 1, 2007. For
more information, please contact the Assessor's
office. |
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Tax relief is available for qualifying Senior Citizens.
Please click on
Property Tax Relief for Seniors for more information. |
Online Services
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