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

Property Tax Loans Provide Help for Back Taxes

Texas 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.

Tax Loans Stop Tax Assessor Penalties

Since Texas has no income tax, much of the funding for state and local government comes from property tax. With this in mind, property taxes are serious business here. Not only can the combined bill for property, school, and utility taxes add up to 2 percent of more or a home's value, but paying late carries serious consequences.  Luckily, when a tax payer finds he is unable to pay his tax bill, tax loans are available that can save him from the sky high penalties and interest.

Get Property Tax Relief with a Property Tax Loan

Property taxes in Texas are serious business. Tax collectors can assess interest and penalties of as much as 48% of the tax balance owed in just the first year alone. This quickly turns a $3,000 property tax bill into a $4,440 bill -- and an even bigger problem. When a Texas property owner says "I can't pay my property tax," all hope is not lost.  Fortunately tax loans are readily available to address this need.

Texas is a strict state when it comes to past due property taxes.  Property owners can be assessed up to 48% of the taxes due in penalties and interest if property taxes aren't paid on time.  Sometimes, the money just isn’t available when the tax bill comes due, but getting help to solve this problem has never been easier.  All it takes is one call to Property Tax Funding to get the process started.   

Tax Loans Provide Help with Property Taxes 

New Rules for Texas Property Tax Payment Plans

The cost of owning real estate includes many fees and taxes that are easily overlooked, including property taxes.  Each year, Texas collects millions of dollars from property owners and penalizes those that cannot pay on time. Both homeowners and real estate investors alike will face large fines of up to 48% in the first year for delinquent property taxes.

With the passage of SB 247 during the 83^rd Texas legislative session, property tax lenders have bad news for many of their existing borrowers.  The bill modified and removed provisions that allowed for a tax lien to be transferred to a property tax lender for taxes that were due, but not delinquent, at the time of payment if the property is subject to recorded mortgage lien.