The single day collection for property taxes beats last year's record of $987 million. It comes as real estate values have steadily increased.
San Diego County collected more than $1 billion in property taxes in a single day in April — a new record.
Property tax collection was expected to increase as residential property values sharply increased during the pandemic. The agency has collected $7.8 billion so far — higher than the $7.28 billion at the same time last year.Treasurer-Tax Collector Dan McAllister said the money goes to funding public schools, first responders, road repair and other essential services.
County residents owed around $8 billion in property taxes this fiscal year, and they can be paid over two installments. McAllister said 98.7 percent of the first installments have been paid, and 94.6 percent of the second installments. Final payments are due June 30, with around $163 million still left to be paid.
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