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San Diego County collects more than $1 billion in property taxes in a day

SAN DIEGO – San Diego County Treasurer-Tax Collector Dan McAllister’s office announced that it broke a record by collecting more than $1 billion in property tax payments in a single day on April 7.

“The Treasurer-Tax Collector’s office received a record-breaking $1,337,127,037 in property taxes on April 7. This is the first time we’ve collected over a billion dollars in a single day, and it speaks not only to San Diego’s growth as a region, but also to our responsible taxpayers stepping up and paying what they owe,” said McAllister. “Overall, we’ve collected $7,852,056,242.04 in property tax payments so far. This money is essential to San Diego and goes to funding public schools, first responders and other essential services.”

Taxpayers across San Diego County owed nearly $8.06 billion in 2022-2023 property taxes. So far, 98.83% of first installments have been paid, and 96% of second installments paid. Payment reminder notices will be sent in May, and it is projected that the county will successfully collect 99% of property taxes owed by June 30.

Also at a record high is the San Diego County’s Investment Pool, which reached a high of $17.2 billion in assets. The Investment Pool is a local government money fund which ranges in size from $10.2 - $17.2 billion in assets on an annual basis.

Originally created in 1853 by the County Board of Supervisors, the pool now invests the assets of the county, 42 K-12 school districts, five community colleges and over 160 other public agencies in the region.

Submitted by San Diego County Treasurer-Tax Collector Office.

 

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