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Treasury outlines plans to boost collection of tangible personal property taxes
Summary
Interim treasury staff reported increases in personal property tax levies and said collections are about 94% of billed; officials proposed quarterly notices, earlier delinquency targeting and streamlined legal referrals to increase recoveries and asked to review the county collection contract.
Art Davis, interim Chief Financial Officer (serving in treasury/deputy chief role), briefed council on the city's tangible personal property tax collections and strategies to increase yield.
Davis said the personal property tax levy rose from about $41.8 million (2024) to roughly $67.4 million (2026), and current year collections as of July 1 were approximately 94% of billed. He described operational steps to improve collections, including identifying high‑risk accounts earlier, sending quarterly notices instead of twice a year and timing outreach before court referrals to minimize fees to taxpayers.
Council members asked for a breakdown of delinquency by residential versus commercial accounts and asked whether the county contract for collections should be reevaluated. Davis said delinquent personal property was approximately $3 million and delinquent real property about $25 million for 2025 and agreed to provide further breakdowns and to explore payment‑collection locations outside downtown City Hall to improve access for constituents.
Why it matters: The city sees personal property taxes and delinquent collections as an underutilized revenue source to support public services; improvements to collection practices could provide near‑term fiscal relief without raising rates.
What’s next: Treasury will provide more detailed delinquency breakdowns, review the county collection contract and report options to expand payment access and streamline notices.
