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CITY OF PALESTINE - EPOrrT ON COLLECTION OF _ ELINQs~~ ~ ~~~~~~TY AXES <br />C. ANALYSIS COLLECTION STATUS OF 1998, 19_7 <br />AND 1396 DEL1NQUENT TAXES <br />The purpase caf this anafysis is to provide information regarding the <br />eollection status of the delinquent taxes far the tax years 1998, 1997 and <br />1996, and a synopsis of the efforts that haue been, and are being taken, to <br />collect these delinquent taxes. <br />Whi1e MV - A us collecting a very high percentage of the delinquent taxes, <br />there are taxes still rema'ining unpaNd. The cumulative amount of each year`s <br />upaid taxes, even though they are only asmall percentage of each year's tax <br />Ievy, constitute the total balance af delia~quent taxes due. <br />The de9inquent balances for each tax year steadiiy decrease over time <br />as our caiReetion procedures are successful in abtaining payrnents. <br />For example, we have callected 64.70% of the 1998 taxes that were <br />outstanding an July 1, 1999 (15 months ago) while we have callected 79.34°l0 <br />of the 1996 taxes that were outstanding on July 1, 1997 (39 m~~ths ago). <br />s <br />A <br />m <br />p <br />L <br />E <br />Chart <br />+Collectian Status of 1998 elinquent Taxes <br />as af September 30, 2000 <br />Insolveot i'ersoaal & <br />At~andoned Iteal <br />$10,247 <br />5,~fi0°fa ~ <br />a <br />eank~~~~cy <br />$3,606 <br />1.97°fa <br />Suits 8: .liaclgnaents <br />a25,ti4{l <br />14.fl4°fo <br />it <br />Rayouts & Halc9.s <br />x ~12y~20 <br />7.06% <br />1998 Taxes Ilelinquent as of July 1, 1999: $183,039 <br />McGFeaFy, Veselka, Bragg & Allen, P.C. _ <br />~ <br />~ <br />L <br />4 <br />