The article sent me looking for Racine and Racine County's rates. The Racine County treasurer is out of town, so those numbers won't be available until next week. But the city saw a relatively modest 5.8 percent increase in delinquent taxes over the 2005 tax year. That translates to 2,615 late-payers in the city, up from 2,471 last year, and $2.36 million in unpaid taxes.
The J-S interviewed finance experts and concluded:
Much of the blame has been levied on the mortgage crisis, in which a proliferation of nontraditional mortgages and predatory lending practices over the last two years have put many buyers - even those in higher income brackets - in over their heads.In Racine County, delinquencies increased 18 percent countywide - three times more than the city's delinquency rate. Waukesha County saw a 12 percent increase in late taxes this year, and Ozaukee County recorded a 30 percent increase.
City property taxes are paid in quarters. The last quarter for the 2006 tax year ended on July 31. All late bills are turned over to the Racine County Treasurer for collection.
Good day !.
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