News Summary
San Diego County property owners have just 10 days left to pay their 2024-25 property tax bill before penalties kick in. The payment deadline is June 30, after which unpaid bills will go into default, leading to financial penalties and potential asset loss. The Treasurer-Tax Collector warns that over $126 million in taxes remain unpaid, emphasizing the need for property owners to act urgently to avoid further financial strain.
San Diego County property owners who have not yet settled their 2024-25 property tax bill have only 10 days left to avoid penalties. The deadline to pay is June 30, after which any unpaid bills will go into default on July 1. This could lead to significant financial repercussions, including monthly penalties and severe liabilities for property owners.
Failing to meet the payment deadline not only puts property owners at risk of penalties but also imposes additional fees on their outstanding balance. A defaulted bill will incur a $33 redemption fee, along with a monthly penalty of 1.5%. Over time, these penalties can accumulate to an annual total of 18%, further increasing the financial burden. Each late installment incurs a 10% penalty, and if the second installment is paid late, an additional $10 fee will apply.
Currently, there is a total of $126,830,995 in property taxes that remain unpaid. However, it is worth noting that 98.61% of property taxes for the current year have already been successfully collected. To address the high rate of unpaid taxes, the San Diego County Treasurer-Tax Collector, Dan McAllister, has dispatched 41,032 notices to property owners highlighting their unpaid obligations.
According to state law, properties that remain in default for five years can ultimately be sold at a tax sale. This emphasizes the importance of timely payment for property owners to retain their assets and avoid potential foreclosure actions.
Taxpayers have several options to pay their property taxes, ensuring they can choose a method that is most convenient for them. Payments can be completed online at the sdttc.com website using the free e-Check option, which incurs no additional costs. Additionally, taxpayers can check their tax bill information online or contact the Treasurer-Tax Collector’s Office directly at 877-829-4732. Other payment methods include paying by phone, by mail, or visiting one of the branch locations.
Residential and commercial property taxes are due in two installments each year, the first due in December and the second in April. Property taxes play a crucial role in funding essential services in the county, including public schools, first responders, and road repairs, making timely payments critical for maintaining these services.
The county’s investment fund, which currently has assets totaling approximately $16 billion, manages a variety of investments, including CDs, treasuries, and bonds, all of which are funded through the taxes collected from property owners. This further underscores the importance of property taxes, not just for the individuals but for the entire community, ensuring that necessary public services continue to operate effectively.
In summary, property owners in San Diego County are urged to take immediate action regarding their property taxes to avert penalties. With the June 30 deadline fast approaching, timely payments are crucial in preventing added financial strain and preserving property ownership rights.
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Additional Resources
- 10 News
- Wikipedia: Property Tax
- Patch
- Google Search: San Diego County property taxes
- Fox 5 San Diego
- Encyclopedia Britannica: Property Tax
- NBC San Diego
- Google News: San Diego County property tax news
- San Diego Union-Tribune
