San Diegans are paying their property taxes at a record rate, with 99.1 percent of the annual amount collected for the fiscal year ended June 30.
County Treasurer-Tax Collector Dan McAllister said his office has collected about $4.77 billion of out a total owed of $4.81 billion for the 2013-2014 fiscal year.
“I am ecstatic with our 99.1% collection rate. It is evident that property owners are placing great importance on protecting their real estate investments. Add to this an improving economy, and all of a sudden our San Diego County collection rates have hit a new mark,” McAllister said.
A total of 981,829 tax bills were mailed to San Diego County property owners last October. The first installment was due Nov. 1, 2013 and the second installment was due Feb. 1, 2014. The new property tax bill is expected to be mailed out in early October.
McAllister’s office is responsible for tax collection, banking, investment, disbursement and accountability of public funds.