06-F Tax Proposal - McCreary - Laserfiche WebLink

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CI"TY OF PAl.ESi'1NE - REPO1'27° ON COLLEC7°ION OF DELINCItJEN°T PPtOPErt°rY 7"AXES ~ w ■ ~ ~ ~ ~ ~I The goal of our tax collection program is to collect the greatest amount of tax in the shortest period of time. McCreary, Veselka, Bragg & Allen believes it has met this goal for the City of Palestine. Tax Collections generally fall into two categories, current tax collections, the collection of the current levy of taxes within the fiscal year in which they are assessed, and delinquent tax collection, taxes that are unpaid and referred to a law firm for collection. It is our belief that an effective delinquent tax collection program will not only result in the quick recovery of delinquent taxes, but will also enhance current collections. When the taxpaying public is aware that the City aggressively, but fairly, pursues unpaid taxes, there is more incentive for a property owner to timely pay their current taxes. The following are some of the significant points contained in our report. Current Tax Collections • In the last four years, the City's annual total tax collection (current and delinquent taxes, penalties and interest) actually exceed the amount of taxes that were levied. (Chart 1) • As of the date of this report, the City has collected 95.91% to 99.04% of the taxes that were levied for each of the last four years. (Chart 2) Delinquent Tax Collections • The delinquent taxes referred to MVBA have been quickly and efficiently collected. (Charts 3 through 5) l~ ~7 p 0 R r~~ N L y McCreary, Veselka, Bragg & Allen, P.C.