Mortgaged real estate

Section 12. If any person has an interest in real estate, not exempt from taxation under section five, as holder of a duly recorded mortgage given to secure the payment of a fixed and certain sum of money, the amount of his interest as mortgagee shall be assessed as real estate in the town where the land lies; and the mortgagor shall be assessed only for the value of such real estate after deducting the assessed value of the interest therein of such mortgagee. If such estate is situated in two or more towns, the amount of the mortgagee's interest to be assessed in each town shall be proportioned to the assessed value of the mortgaged real estate in the respective towns, deducting therefrom the taxable amount of prior mortgages, if any, thereon.

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In this chapter (40 sections)

59-5C · Exemptions for residential real property in cities or towns…
59-5C1-2 · Additional exemption allowed notwithstanding prohibition of…
59-5C3-4 · Residential exemption
59-5D · Property held by city, town or district in another city or town…
59-5E · Valuation of land held by city or town in another city or town;…
59-5F · Holding municipalities or districts; tax liability for lands…
59-5G · Payment to cities or towns for property held for water supply…
59-5H · Payments to municipalities for certain watershed land;…
59-5I · Exemption; conditions
59-5J · Special assessment policy; historic owner-occupied residences
59-5K · Property tax liability reduced in exchange for volunteer…
59-5L · Deferral of taxes due by member of the Massachusetts National…
59-5M · Exemption for market rate units contained in a certified…
59-5N · Reduction of property tax obligation of veteran in exchange for…
59-5O · Property tax exemption for real property classified as Class…
59-6-to-7A · Repealed, 1978, 580, Sec. 30
59-8 · Interstate, foreign trade or fishing ships or vessels;…
59-8A · Excise tax on farm machinery and equipment and farm animals;…
59-9-10 · Repealed, 1963, 160, Sec. 12
59-11 · Real estate
59-12 · Mortgaged real estate
59-12A · Statement of estate liable to taxation
59-12B · Mortgagors and mortgagees deemed joint owners; tax bill
59-12C · Taxes paid by tenant; recovery from landlord
59-12D · Assessment against real estate of decedent; liability of heirs…
59-12E · Assessment against real estate of decedent; lien
59-12F · Real estate unassessed where right or titled unascertained;…
59-13-to-17A · Repealed, 1978, 580, Sec. 30
59-18 · Personal property; assessment
59-19 · Mortgaged or pledged personal property; assessment
59-20 · State treasurer; duties
59-20A · Increase in assessments
59-20B · Regional veterans' districts, regional water districts or…
59-21 · Assessors; duties
59-21A · Additional compensation of assessors for courses of study
59-21A1-2 · Certified assessors; compensation
59-21B · Training programs for assessors
59-21C · Limitations on total taxes assessed; determination by voters
59-21D · Calculation of total limit; adjustment of limit; certification…
59-22 · Repealed, 1925, 343, Sec. 9

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