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Property Tax Funding Blog

Property Tax Loans Provide Help for Back Taxes

Posted by Joe Thompson on Wed, Jan 15, 2014 @ 05:01 AM

Property Tax Loans Provide Help for Back Taxes

help for back property taxesTexas is tough on property owners who don't pay their taxes, because local governments here rely on that revenue to pay for many of the services they provide. Assessed property taxes are due in one lump sum payment every January 31st, unless an owner has escrowed their taxes with their mortgage payments throughout the previous year. When a property owner doesn't have the cash they need to get their taxes paid in full by the due date, their local taxing authority begins adding on penalties, interest and fees. In twelve months, these incredibly high charges can equal 48 percent of the original tax balance.

Back Property Tax Help Isn't Available From the Local Tax Assessor

As time passes, overdue property taxes and all the hefty costs that accompany them won't disappear, they'll only grow larger and more unmanageable. To get back on track, many owners need back property tax help, but they won't get it from the tax assessor. Under Texas law, taxing authorities can't forgive unpaid property taxes, and they can only waive penalties and interest if the tax assessor somehow caused the owner's delinquency. This means that getting any relief or back property tax help from a local assessor is fairly difficult.  State law also allows taxing authorities up to 20 years to collect the back taxes, fees, penalties and interest that can accumulate on an overdue account, which gives them plenty of time to pursue legal action and foreclosure. And every day that there's an outstanding balance, the amount owed keeps growing and compounding.

Property Tax Loans: Back Property Tax Help That's Affordable, Fast and Flexible

While Texas law does provide for certain tax assessor payment plans, most come with short repayment terms and high payments.  Fortunately, the laws in the state also allow third party tax lenders to provide back property tax help. By working with a property tax lender a property owner can save up to 60 percent of the first-year fees and penalties charged the tax assessor.  Property tax loans offer a number of benefits in comparison to the massive charges levied by the tax assessor, including:

  • No up-front closing costs and reasonable interest rates.
  • Manageable monthly payments.
  • Repayment terms ranging from one to ten years.
  • Easy qualification even with bad credit.
  • Fast approval - will provide back property tax help in just days.

Whether it's for a home, business, commercial property, or rental property, a property tax loan can quickly erase the entire balance of a delinquent tax account, and eliminate the risk of foreclosure.  To learn more about financing your property taxes contact Property Tax Funding at 877-776-7391.

Topics: property tax help, help with property taxes, Back Property Tax Help, help for back property taxes, help for property taxes

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