Real Estate Income & Expense Filing Deadline Income & Expense data requests were mailed January 19, 2012 for all parcels (including utility easements, however excepting totally vacant land) classified Commercial, Industrial, Apartment (4 or more units) and Mixed Use. These Income & Expense (I & E) Forms about the operation of the Real Estate are due to file in the Office of the Board of Assessors on or before March 19, 2012.
Failure of an owner or lessee of real property to comply with such request within 60 days after it has been made by the Board of Assessors shall be automatic grounds for dismissal of a filing at the Appellate Tax Board.
If an owner or lessee of Class one, residential (e.g. apartment or mixed use) property fails to submit the information within the time and in the form prescribed, the owner shall be assessed an additional penalty for the next ensuing tax year in the amount of $50.
If an owner or lessee of Class three, commercial or Class four, industrial property fails to submit the information within the time and in the form prescribed, the owner or lessee shall be assessed an additional penalty for the next ensuing tax year in the amount of $250.
If you did not receive an Income & Expense Form, please request one in writing by mail or in person at our office.
Board of Assessors information
http://franklinma.virtualtownhall.net/Pages/FranklinMA_Assessors/index
