TAMPA – A slowing economy and stagnant real estate market has translated into a record year of late property taxes.
Tax collectors in Hillsborough, Pinellas and Pasco counties are reporting dramatically higher numbers of people who missed the April 1 deadline to pay their property tax bill. In Hillsborough County, the increase is near 30 percent.
Real estate experts blame the economy and the continued fallout from the subprime mortgage mess.
“It’s not surprising that when people are unable to pay their mortgages, they’re unable to pay their taxes,” said Mike Larson, an analyst with Weiss Research in Jupiter.
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