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Tuesday, January 18, 2011

Property Tax Delinquency and Duration

This has certainly been a pet peeve of the Forum and the Standard jumped on the bandwagon today with this Jesus Lopez Jr. article: 
From the article:
Although the number of delinquent payers is improving, however, the county is seeing a different trend -- people being delinquent for a longer time.
"We are seeing more people that are more delinquent than they were," said Weber County Treasurer John B. Bond.

The article goes on to state:
The overall number of delinquent taxpayers is also relatively low. On average, less than 10 percent of all properties in Davis and Weber counties are delinquent. In good times, however, the number is usually closer to 5 percent.
Yet the dollar amount averages in the millions.
In Weber County, about $11.8 million in taxes were delinquent for 2009. In Davis County, it was about $13.1 million for 2009.
The year before, 2008, saw the highest number of delinquencies in the area.
"That also falls in line with the significant financial challenge that hit at that time," Bond said.
Weber had about $11.4 million in delinquencies in 2008, which was a jump from about $8.3 million the previous year. Davis County more than doubled in 2007 with $15.7 million compared with $7.6 million in 2006.
Of those delinquent, the highest dollar amounts belong to business and real estate developers. The average number of delinquencies is about the same between homeowners and businesses.

Hmmm, are we the only ones confused here?
  • In Weber County the delinquencies have increased from $7.8 million in 2006 to over $11 million in 2010.
  • Additionally, "...on average, less than 10 percent of all properties in Davis and Weber counties are delinquent. In good times, however, the number is usually closer to 5 percent."
  • The total for delinquencies is near the high for the last five years, and there are twice as many delinquent properties than in good times.
  • "Of those delinquent, the highest dollar amounts belong to business and real estate developers. The average number of delinquencies is about the same between homeowners and businesses."
Yet, the county continued to allow these same delinquent developers to get further in the hole for years by allowing them to create more subdivisions and get more approvals while the rest of us faithfully paid our taxes.