Arlington, Texas 2020-11-20 13:45:22 –
In March, Arlington County was on track to set a new record for delinquency.
After that, the coronavirus was a hit.
“As the pandemic progressed, we went beyond our expected goals,” Treasurer Carla de la Pava told the county committee at a recess on Tuesday.
Although delinquency rates have fallen by almost half since 2014, COVID-19 has erased a record low for two years. The county is currently generating about $ 10 million in uncollected tax revenues, according to Derapaba.
de la Pava aimed to lag 17 for every 10,000 taxpayers and businesses, but by the end of the collection year on August 14, that percentage had increased to 22. Maintaining a tax rate of 30 delinquents and businesses per 10,000 is “difficult but achievable.”
“We are cutting out our work for us,” she said. “I started this collection year with the highest delinquency rate since I became a treasurer,” or about $ 14 million.
The “elephant in the room” that contributed most to the surge was the delinquent real estate tax, which was higher than ever in the county’s history, Delapaba said. Overall, the county has lost more than $ 5 million in property taxes on homes, apartments, hotels, and businesses.
The highest percentage of households not paying property tax is the 22207 zip code. The northernmost tip of North Arlington, including Cherrydale, Country Club Hills and Yorktown.
The highest percentage of companies not paying property tax is the 22202 zip code (Crystal City, Pentagon City, Arlington Ridge) and 22206 (Shirlington, Fairlington, Long Branch Creek).
Property taxes used for business have also risen dramatically, with the number of delinquents concentrated in 22202 zip codes. But the amount to be paid along the Rothrin-Ballston Corridor is higher than all other zip codes combined, Delapaba said.
In June of this year, the Treasury Department provided a taxpayer assistance program loan to many hotels and large corporations so that they could pay taxes during the 10 months from August 2020 to May 2021. It has benefited mainly restaurants and hotels that have been hit.
John Marshall Bank, which is affiliated with the county on short-term loans, has lowered interest rates to make these repayment plans more affordable, she said.
“Through a TAP loan from John Marshall Bank, we have prevented nearly $ 1 million in delinquency,” said de la Pava.
To facilitate safe and timely payments this year, de la Pava added a temporary location for her office in September this year, encouraging people to pay online, with an online profile of 11%. Said it increased.
The County Treasury Secretary said he found another bright spot in vehicle taxes. This reached the second lowest delinquency rate in Arlington’s history this year. Outreach, payment plans and automatic billing helped reduce delinquency, she said.
The Columbia Pike Corridor, or 22204 Zip Code, is the most heavily delinquent vehicle, reaching $ 1.1 million.
According to Delapaba, the accounting firm has created 400 vehicle tax payment plans, saving $ 600,000 from delinquency.
Image via Arlington County
County Missing $10 Million in Delinquent Taxes Amid Pandemic Source link County Missing $10 Million in Delinquent Taxes Amid Pandemic