Property Taxes are Going Unpaid... Why?

By
Real Estate Agent with Unity One, PL

Due to the slumping ecomony and the poor real estate market property taxes were left being unpaid. When property taxes were due in April 1st, Hillsborough County had a 30% increase of people who failed to pay. Experts blame the economy and the mess in the mortgage market. The mortgage market was loose in their practice a few years back and people are now unable to pull together enough money for their property taxes. People who borrowed more than they should have are stuck in a sticky situation with the slow housing market. Hopefully nest year we can all pay on time!

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