Delinquent, Lien and Tax Deeded Property Information
The City, in order to protect its ability to collect all taxes due must proceed to perfect a lien on your property if all taxes for a year are not paid. This lien process can begin after the final (March 31) payment for a year is due. Lien notices cost $19.25 and have been assessed as early as April 3rd. To avoid this additional charge, you need to pay your current year taxes by April 3rd. Legal notice must be provided to you before the lien process is completed.
Interest after the lien is perfected increases to 18% per annum. Your property can be deeded to the City two years later if all taxes are still not paid. Again, proper notice must be given you. Please be aware that once a lien is placed on your property, the lien is recorded at the Registry of Deeds and a notice is sent to your mortgage holder. Also, credit reporting agencies obtain information from the Registry of Deeds regarding the delinquent taxes in order to post this information on your credit report.
The City of Concord has no formal jurisdiction over how taxpayers prorate real estate taxes in the buying or selling of real estate. Please be aware that the first two quarter billings are just estimated bills, based on last year’s tax rate and the assessment as of April 1. The final bills are when the rate is set (usually in November), which will determine if your taxes are higher or lower. However, for the purposes of assisting buyers and sellers, we have the following approach you may consider.
- The quarterly tax payments being made to the City of Concord by taxpayers are being made in advance for city services, not in arrears.
- Commencing with the July 1, 1996 fiscal year, and for all subsequent fiscal years, the July 1 payment covers the quarterly period from July 1 through September 30, the October 1 payment covers the quarterly period from October 1 through December 31, the January 2 payment covers the quarterly period from January 1 through March 31, and the March 31 payment covers the quarterly period from April 1 through June 30.
- All quarterly payments are subject to the final tax bill adjustments for the fiscal year billing.
This approach was endorsed in resolution number 6694 of the City Council adopted April 14, 1997. A copy can be obtained from the City Clerk or Collections Office. It is not law and the proration of taxes is still a matter of agreement between the buyer and seller of real estate.
The property tax in New Hampshire is the major source of revenue for local government. In Concord, your property tax pays for Concord municipal services, County of Merrimack services, and the Merrimack Valley and Concord School District services, and a state-wide property tax. The City bills and collects taxes for all these entities even though the City Council only sets the tax rate for the municipal portion of the bill. Other portions of the tax bill are controlled by separate governing bodies. If you have questions about the budgets and services covered by your tax bill, the people to contact are:
- City Of Concord Deputy City Manager of Finance at 603-225-8583
- Concord Union School District Superintendent at 603-225-8511
- Merrimack Valley School Superintendent at 603-753-6561
- County of Merrimack Administrator at 603-228-0331
- State Department of Revenue Administration at 603-271-2191