Property Tax Funding Blog

Past Due Property Tax

It could have been an unforeseen expense, or maybe the loss of a job, or was it just a budgeting oversight that prevented you from paying your property taxes?  Regardless of the reason, you are not alone.  Today there are several hundred thousand Texans that are behind on their property taxes.  Fortunately, delinquent property tax loans offer a quick and convenient solution for past due property taxes.  

There are valid reasons why property taxes are not paid on time.  An unstable economy, scarce employment opportunities, a sudden downturn of your business, or an emergency in your family are just a few of them.  If you own of a Texas property with past due property taxes, you are not alone.  Why you might feel like the sky is coming down on you, the situation can be turned around quickly with a low cost property tax loan.

One of the most uncomfortable places to be is behind on payments with outrageous and escalating penalties.  Now imagine you’re behind on payments to something as huge and unforgiving as the government and the amounts due are secured by you and your family’s home.  This is precisely the case for those who are behind on the property taxes in the state of Texas.

Owning commercial property in the state of Texas can be a wonderfully lucrative endeavor, especially when business is good and the vacancy rate is low. Unfortunately, all of this can change rather quickly for property owners who find themselves delinquent on their property taxes. In fact, after just the first year of delinquency, the assessment of interest and penalties can cause the original tax debt to rise by 48%. As additional years begin to accrue, property owners can soon find themselves at risk of losing the property altogether. Luckily, there is still hope, but it requires immediate action.

The great state of Texas can be one of the worst places to be severely delinquent on something like property tax.  Maybe it's only been one year; maybe it's been a few years; you may think that everything is alright.  You may think you have skirted the tax collector! Don't be fooled though; the tax collector or their attorneys will find you and you will have to pay everything that is owed including all the penalties.  Additionally, you could face serious consequences up to and including losing your land and your property.

For the property owner in need of  property tax payment assistance in Texas, you have numerous options available to you.  But you may have questions about taking out a loan; what the process is, if that burden is better than actually owing the tax collector.  You are right to ask these questions and you deserve to know the facts about taking a property tax assistance loan.

Qualification - You may never have considered  property tax assistance loans before.  One of the biggest questions you have is probably "will I qualify?" For Texas residential and commercial property tax owners, the process is quick and easy. By answering a few questions you can find the answer to that burning question and get the financial-lifeline you've needed, stop penalties, and pay the taxes which are owed.

Process - The loan application process is easy and the turnaround will leave you breathing sighs of relief.  The property tax assistance process begins by filling out the online information or calling a loan officer.  Once you've been pre-approved then the process goes straight to an underwriter for approval. Closing is scheduled after that and this can be in your home, business office, or in the Property Tax Funding offices in Dallas.  After the legally required three day waiting period your loan pays off your past due property taxes and you are sent a receipt from the tax authority. That's it!

Property Tax Funding is a BBB accredited leader in property tax assistance for individuals in Texas.  By going online right now, you can receive a free quote, download their guide, or you can always call and speak to a representative who will answer any questions you might have.

Tax burdens are no one's idea of a good time.  By partnering with Property Tax Funding those with unpaid taxes can put this beast of burden to rest.

Owning a home is the ultimate American dream.  Homeowners will do everything and anything to preserve that dream.  Let's see how property tax loans work to fulfill that dream.

For property owners, it often becomes rather expensive to pay off your entire property tax bill in one lump sum. Instead, paying the taxes in increments over a set period of time is often more cost effective, as it allows the property owner a more flexible payment option. In order to perform such an action, the aid of a property tax loan provider is needed. There are many tax loan providers located throughout the state of Texas, but not all are created equal. Because of this, there are many factors to review when selecting a property tax lender.  As you begin your property tax loan review process we recommend at a minimum you consider the following:

Better Business Bureau Review
The Better Business Bureau helps consumers stay informed about different companies in the Texas region, including the company's standing with the local, state and federal government, any complaints filed against the company, or any other issue that may have come up with the tax loan provider. You can also see the company's current Better Business Bureau rating and compare it to others in the industry. This is a good indication as to the professionalism and customer service you will receive from the company, although it is not the only point necessary to take into consideration when looking over property tax loan reviews.

Inclusion in TPTLA
Short for Texas Property Tax Lienholders Associations, this organization is made up of property tax lenders, all of which meet a strict high standard of tax lending. This elite organization is the measuring stick for all other tax loan providers.  When going over property tax loan reviews, you want to find a company that is included in this organization.

Property taxes can be a real monkey on your back. Once a year you have got to pay your property taxes and that burden can be a real blow to any headway you may have been making otherwise during the year. Even when you are cognizant of the fact that your property taxes are coming due, individuals don’t always have the funds available to pay their property tax bill.  However there are a number of strategies for how to budget for your property taxes.  Here's four ideas. 

Need Help Paying Property Taxes?  Consider a Property Tax Loan

Property tax loans are readily available for past due property taxes.  Loan qualifications are relatively easy, even for those with bad credit.  A property tax loan will pay off all delinquent taxes, interest, penalties, and fees.   The interest rates are far below annual penalties charged by tax assessors and loan processing times are typically short, generally less than one week.

Property owners who disagree with their County Appraisal District’s appraisal of their property for local taxes or for any other action that adversely affects them may protest their property value to the appraisal district’s Appraisal Review Board (ARB). The ARB will normally begin hearing taxpayer protests in May, but this date varies by county.  Please check with your County Appraisal District for their start date.