Nearly 982,000 property owners owe first installment of property taxes

By City News Service

The first installment of property taxes is due on nearly 982,000 parcels in San Diego County, Treasurer-Tax Collector Dan McAllister said Wednesday.

The exact total of 981,879 properties is a record, but because of the depressed housing market, revenues are expected to drop by $48 million from last year — to $4.4 billion, McAllister said.

On the other hand, he said collections by Thanksgiving Day were running 9 percent higher than in 2009.

“We are pleased that people are stepping up to make their tax payments early this year,” McAllister said. “During the past couple of years, we have seen taxpayers pay earlier and earlier. This is a positive development, as it helps us to reduce our annual delinquency rate.”

Around 575,000 bills are still outstanding.

Payments must be made by Dec. 10 to avoid a penalty.

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Posted by Halie Johnson on Dec 1, 2010. Filed under News, Region. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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