The West was the only region that experienced a slight uptick in delinquencies by close to 1 percent compared to the end of 2017. All the other regions experienced a decrease in delinquent tax rates. The South’s delinquency rate fell by 1.9 percent and the Midwest’s by 1.8 percent.
Region |
Jurisdictions |
Parcel |
Delinquent |
Rate | ||||||||
Midwest | 446 | 5,868,438 | 290,774 | 5.0% | ||||||||
Northeast | 1,750 | 9,738,943 | 786,971 | 8.1% | ||||||||
South | 344 | 29,506,648 | 2,189,220 | 7.4% | ||||||||
West | 65 | 3,610,434 | 268,764 | 7.4% | ||||||||
Total | 2,159 | 48,724,463 | 3,535,729 | 8.4% |
“The overall national reduction in the number of tax delinquencies points to the stability of the real estate market and people wanting to protect the increased equity in their homes,” said
The delinquency data shows where property tax payments were not made and led to the economic loss date for the collecting agency. An account becomes delinquent when the due date for a tax return or other established liability has passed and the amount due remains unpaid. Penalties and interest begin to accrue on the unpaid tax until the entire balance is paid in full.
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