Loans for Back Property Taxes Assist Texas Property Owners
In states that levy personal income tax, some of the revenue collected is passed down to local governments to fund services and infrastructure. Here in Texas, much of that funding comes from the annual taxes paid by property owners. Local taxing authorities take the collection of property taxes very seriously, because they depend on the revenue to keep their county, town and city governments functioning. As a result, property owners who owe back taxes are subject to extremely high interest charges, late-payment penalties and collection fees. Once an owner gets behind on their property taxes, the tax assessor begin a collection process that does not cease until the entire balance is paid in full. Fortunately, there are loans for back property taxes that can help.
Limited Tax Assessor Assistance Can't Compare To Low-Cost Loans for Back Property Taxes
The steep penalties and interest charged by Texas tax assessors can't be waived -- they're mandated by law. There are just two exceptions -- if a property owner is on active military duty during a war or national emergency, or if the tax assessor was directly responsible for a property owner's delinquency, they can escape these onerous charges. Some taxing authorities offer payments plans for back taxes, but they often require large down payments, and the remainder must be paid off within 12 to 36 months. These terms aren't affordable for many individuals dealing with financial difficulties, but a loan for back property taxes through a licensed private tax lender can solve the problem quickly, and save the property owner money.
Loans for Back Property Taxes Offer Many Advantages
The Texas tax lien transfer law allows a private lender to pay off an overdue tax bill, including all the penalties, interest charges, legal and collection fees, and in exchange set up a repayment agreement with the property owner. As an alternative to dealing with delinquency and the huge costs that come with it, loans for back property taxes offer:
- Zero-down closings.
- Qualification even with bad credit.
- Guaranteed low interest rates.
- Budget-friendly monthly payments.
- Super-fast approval and tax balance payoff.
- Flexible repayment periods from 1 to 10 years.
- No early loan payoff penalties for homeowners.
- Savings of up to 60 percent of first-year tax assessor charges.
Solving a past due tax problem with a cost-saving loan for back property taxes is easy -- just call Property Tax Funding at 877-776-7391, or complete an application online.