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  • January 19, 2007 at 1:05 PM #8247
    North County Jim
    Participant

    The North County Times reports that 58,000 delinquent property tax notices are being sent out by the county as of yesterday.

    As a stand alone data point, this is pretty meaningless for the bubble-minded. Is there anyone out there that knows what the delinquency rate has been in the past?

    I surmise it’s a pretty safe bet the delinquency rate is up.

    January 19, 2007 at 2:58 PM #43855
    sdnativeson
    Participant

    good catch NC Jim, I would bet it’s up also. I’ve heard that the lender would make the tax payments to protect their position. How soon does the lender hit the borrower with that? Is it immediately tacked onto their monthly payment? Added to the principal?

    January 19, 2007 at 3:02 PM #43856
    ybbor
    Participant

    Good question… I just went looking (thank google) and found this… might help

    bottom of page http://sdtreastax.com/pt_general.html

    Prior Year Defaulted Tax
    FISCAL YEAR NUMBER OF PARCELS
    2003-2004 – 30,758
    2002-2003 – 33,265
    2001-2002 – 36,800
    2000-2001 – 40,008
    1999-2000 – 35,258
    1998-1999 – 32,515
    1997-1998 – 32,185
    1996-1997 – 31,973
    1995-1996 – 33,822

    -Robby

    January 19, 2007 at 4:05 PM #43858
    sdnativeson
    Participant

    thanks for the link, it answered some other questions I had.
    I always paid on time and never gave it much of a second thought.

    January 19, 2007 at 4:23 PM #43860
    North County Jim
    Participant

    Robby,

    My read is that the table above the one you referenced is more relevant.

    Current Year Property Tax Collection Status

    2003-2004 – 98.78%
    2002-2003 – 98.65
    2001-2002 – 98.50
    2000-2001 – 98.47
    1999-2000 – 98.31
    1998-1999 – 98.44
    1997-1998 – 98.23
    1996-1997 – 97.79
    1995-1996 – 97.16

    Unfortunately, the table does not include the 2004-2005 and 2005-2006 fiscal years.

    The 2006-2007 collection rate is under 94% but I would hesitate to draw any conclusions. I would guess the numbers in the table above are generated at the end of the fiscal year (June 30) when delinquent bills are moved to the defaulted rolls. That would leave over 5 months for a lot of delinquent property owners to catch up.

    January 19, 2007 at 9:25 PM #43870
    nla
    Participant

    Do you want to find out if your neighbors are deliquent on paying their property tax? Check this link: https://sdtretax.com/ebpp3/

    My next door neighbor owed more than $20,000 between his principal residence and another property.

    January 19, 2007 at 11:22 PM #43871
    DaisyDuke
    Participant

    Knowledge is power !!!! Thank goodness for public records!

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