Dane County tax delinquency spikes - WKOW 27: Madison, WI Breaking News, Weather and Sports

Dane County tax delinquency spikes

Madison (WKOW) -- Our economic turmoil is also affecting local property taxes.

Property tax delinquency is up significantly in Dane County.

County officials say 4,732 properties are delinquent in their taxes, compared to 3,721 at the same time last year.

The amount owed in delinquent property taxes has jumped from $11.7 million in 20007, to 16.4 million.

The county's treasurer says slumping housing sales are contributing to this escalating problem.

"Taxes are always brought up to date at the sale,"  Treasurer Dave Worzala told 27 News.     "There's a payment of the taxes to everybody, so the new owner doesn't have taxes to pay from the old owner.   But if you don't have property sales, then that sort of catch up, normal catch up, doesn't occur."

County officials say it makes sense to prioritize your tax debt, because 18% interest is tacked on, which may exceed interest on other debt being managed.

Dane County executive Kathleen Falk's proposed 2009 budget projects $1.5 million of the county's delinquent property tax being collected.

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