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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