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Tax attorney reports steady collections for Gatesville ISD, flags delinquent balances
Summary
Nicholas Gecci of MVBA briefed trustees on delinquent tax collections: the district has collected more than 100% of levy in recent years when penalties and interest are included; about 3% of levies are initially delinquent, and the firm reported a $474,000 outstanding delinquent balance as of Aug. 31.
Gatesville ISD trustees received the annual attorney report on tax collections from Nicholas Gecci of MVBA, who summarized collection activity and delinquent-account work undertaken for the district.
Gecci said the district's cap tax collections have exceeded 100% in recent years when penalties and interest on prior years are included, noting that the firm collects current taxes and pursues penalties and interest on previously unpaid levies. He said roughly 3% of any levy becomes delinquent initially; those accounts are turned over to the firm for collection work, which can include notices, lawsuits and, rarely, tax-sale proceedings.
For the first two months of the 2024 tax year (fiscal year ending in August), Gecci reported about 31% collection of the balances turned over for collection. Over a four-year span the firm reported cumulative collection rates in the 7126#8211;85% range for delinquent levies once litigation and judgments are pursued.
Gecci summarized enforcement activity for the year: notices mailed (765 notices on 909 properties), 56 lawsuits filed on 68 properties, six judgments in court on eight properties, and seven properties posted for sale (two ultimately sold; the others satisfied before sale). He also noted an outstanding delinquent balance of approximately $474,000 as of Aug. 31 and identified bankruptcy, deferrals and legally uncollectible accounts as items the firm tracks separately.
Gecci provided contact information for himself and a local MBDA employee, Shauna Fry, and invited trustees to follow up with questions. The board did not take a vote on the report; it was provided as an informational item.
