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Property Tax Funding Blog

Seven Things to Know About Property Tax Loans

Posted by Matt Longhofer on Fri, Jul 20, 2012 @ 16:07 PM

While property tax lending has proliferated in Texas during the most recent economic downturn, it is actually nothing new.  The industry was legitimized with the passing of the Property Tax Lender License Act (SB 1520) which took effect September 1, 2007, and established a licensing procedure and regulatory framework for property tax lenders.  about property tax lending

7 Things to Know About Property Tax Loans: 

  1. The law that governs tax lien transfers has been in existence since 1933.
  2. Over 47,000 property owners have executed tax loans over the past three years.
  3. A tax lien attaches to every "real" property in Texas on January 1st of every year for those properties still owing taxes.  No new lien is created with a property tax loan.
  4. The tax assessor's penalties and interest can exceed 47% over the 1st year of delinquency.
  5. A tax loan can be significantly cheaper than the penalties and interest from the tax assessor.
  6. The tax lending industry is governed by the state tax, finance, and administrative codes.
  7. All Texas Property tax lenders must meet national and state licensing requirements.  


Learn More About Property Tax Loans:

If you owe taxes or foresee the need to preserve cash in the future for other expenses, then please contact us to learn the tradeoffs between the true costs of a tax loan and what you can expect from the tax assessors. 

We have served over 1,000 Texas property owners with property tax loans and we pride ourselves in honest, low-pressure advice to our clients.  To learn more about property tax loans contact Property Tax Funding at 877-776-7319.  We are the trusted source for Quick and Easy Property Tax Loans

Topics: texas property tax loans, property tax lending

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