20
PROPERTY TAX
DELINQUENCY
RATES FELL IN 2021
CoreLogic has released its latest Real
Estate Property Tax Delinquency Report,
which analyzes real estate property tax
delinquency changes on a state level and
nationally. e latest data shows that
delinquency rates dropped 0.4% to 5.9%.
e report, which measures national
and state property taxes delinquency rate
percentages ranging from 2011-2021.
It examines changes to the tax payment
status for loans requiring payment by the
homeowner to appropriate taxing authorities.
"Homeowners in financial distress are
more likely to be late on their property
tax payment," said Dr. Frank Nothaft,
CoreLogic Chief Economist. "During the
past decade, 2011 had the highest annual
average unemployment and tax delinquency
rates. Unemployment was at its lowest in
2018 and 2019, the two years with the lowest
delinquency rates. e rise in delinquency
in 2020 and decline during 2021 reflects the
large job loss during the early months of the
pandemic and substantial job gain of last year."
Top-level takeaways from the report are:
e top five states
with the highest
average property
tax delinquency
rates in 2021
include: Mississippi
(15.6%), Delaware
(14.5%), Virginia
(10.5%), New Jersey/
Massachusetts
(tie) (10.2%), and
Washington, D.C.
(10.1%).
e top five
states with the lowest
average property
tax delinquency
rates in 2021 include: North Dakota (1.2%),
Minnesota (1.3%), Wisconsin (1.5), Illinois
(1.8%), and Utah (2.2%).
North Dakota had the lowest percentage
of property tax delinquencies at 1.2%. For the
same year, Mississippi had the highest with a
rate of 15.6%. e 14.4% gap in between the
lowest and highest rates in 2021 is slightly less
at 13.9% for period spanning 2011 through
2021. Over that time, Minnesota had the
lowest average property tax delinquency
percentage of 2.0% while Mississippi had the
highest rate of 15.9%.
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