Property Tax Funding Blog

Property Tax Assistance

In today's tough economy, it's hard to stay ahead of all the regular bills that come with day-to-day life. For anyone who's already struggling, it can be next to impossible to get a large lump sum payment like annual property taxes taken care of by the January 31st due date. Letting property taxes slide into delinquency is expensive and risky though -- it leaves an owner facing escalating penalties, interest and fees from their tax assessor, and vulnerable to legal action and foreclosure. Cumulative first-year tax assessor charges can increase an overdue tax balance by a staggering 48 percent, which makes affordable property tax assistance an absolute necessity.

Property Tax Assistance Is Available To Help With Past Due Taxes

Some Texas taxing authorities offer payment plans that can require 1/3 or 1/2 of the balance up front, and payment in full within 12 to 36 months, but these plans can be unaffordable for cash-strapped property owners. Thankfully, through a provision of Texas law, there's another property tax assistance alternative available for property owners with past due taxes from private tax lenders. 

How The Property Tax Assistance Offered By A Tax Loan Can Help

The 1933 Tax Lien Transfer Law allows residential, commercial or rental property owners to apply for a property tax assistance loan from a licensed, specialized lender. A property tax loan lets an owner put a stop to their taxing authority's collection process, and can give them the breathing room they need to get their finances in order.

The benefits offered by a property tax loan include:

• Zero-down closings.
• Competitive interest rates.
• Easy qualification and fast approval.
• Manageable monthly payments
• Budget-friendly repayment terms of up to 10 years.
• No early repayment fees for homeowners.

How To Get Property Tax Assistance Through A Tax Loan

Arranging a property tax loan is a quick and painless process. The loan application can be completed in one short phone call, or even online. Because the loan is tied to the existing tax lien from their local assessor, an owner's personal credit history doesn't affect their approval. Once ownership and the overdue tax amount are verified, and the closing documents signed, the entire balance of a delinquent tax account can be paid off by the lender, after a mandatory three-day waiting period. To get the process started, a delinquent property owner can speak with a licensed loan officer by calling Property Tax Funding at 877-776-7391.