El Paso Property Taxes
El Paso property tax loans can help homeowners cope with the community's high property tax rates. 37 different government agencies levy taxes on properties in El Paso County. Between city taxes, county taxes, school taxes, college taxes, hospital taxes, utility taxes, water taxes and emergency services taxes, property taxes can easily exceed 2 percent of a property's value. For many property owners in El Paso, paying this every year can be a significant burden, especially if they get caught with unexpected expenses, job loss, or other problems.
Paying Property Taxes in El Paso
The City of El Paso doesn't offer much help for homeowners that can't pay their taxes, which is one of the reasons that El Paso property tax loans are so popular. Property owners that are over 65 can qualify for a special exemption and deferral. While the county offers payment plans, homeowners have a very short period of time to take advantage of them and normally they require a significant down payment. Unfortunately many of these county payment plans don’t offer the low payments that are available from a property tax lender.
El Paso property tax loans let owners avoid the costly late penalties and interest. A tax loan will allow the property owner to make reasonable monthly payments over a long-enough period of time that they can meet the monthly payment while still saving for next year's taxes. El Paso property tax loans from Property Tax Funding have no prepayment penalties, so that homeowners can pay their loan off sooner with no added fees.
About El Paso, Texas
A 2010 All-America City, El Paso sits at the junction of Mexico, New Mexico and Texas. Home to one of the country's best public universities, around one million people reside in and around the city. El Paso enjoys 302 days of sunshine, a diverse economy and an extremely busy international border. Here is more information about services in the City of El Paso.