San Diego property tax bills break record

San Diego property tax bills break record

San Diego’s Treasurer-Tax Collector Dan McAllister announced this week that his office would be mailing out this month over one million property tax bills. This marks the first that the number of bills going to local property owners has reached the 7-figure mark.

“Despite the need for more housing that we hear about on a regular basis, I see this record-high parcel number as a positive sign,” McAllister said. “It means new units are coming on the market.”

The County is expected to take in approximately $6.9 billion in revenue from the tax bills. This is an increase of $482 million over last year. The first installment of payments is due on November 1.

Today, conforming no-point 30-year fixed mortgage rates are averaging 3.75 percent and 15-year rates are near 3.375 percent.

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