Property taxes in Texas are some of the highest in the USA. And, with taxes due on January 31st at the latest – just after the festive holiday season - it’s essential for homeowners to prepare for these costs. Penalties will start accruing from February 1st or the first business day in February should the 31st fall on a weekend. Here’s a guide to paying your property taxes in Texas from American Finance & Investment Company, Inc., (AFIC) the property tax loan specialists.
Foreclosure is a legal process that will begin in the event that you do not pay your property tax and any interest or penalties associated with your property tax bill. The process involves several steps, ending with the sale of the property in question. However, this doesn’t mean that you can’t get your home back after property tax foreclosure is complete. Here are some insights into your options from the American Finance & Investment Company, Inc. (AFIC) team, one of the leading property tax loan companies in Texas.
Texas isn’t known for high taxation levels with one exception – our property taxes. The property taxes are among some of the highest in the country, at an average of 2.18% of the estimated value of your home for the state of Texas as a whole. If you’re new to the state or you’re a new property owner, you’ll need to get to grips with the basics of this system. Here is a quick guide from AFIC, one of the leading property tax loan companies in Texas:
Every year, property owners in Texas receive a bill from the government containing their property taxes, which are based on the estimated value of their property. Because our state’s taxes are among some of the highest in the country, it’s common for property owners to ask, “Where do my property taxes go?”. Here is some insight from AFIC, one of the leading property tax loan companies in Texas:
All homeowners in the USA have to pay a certain amount of tax to their local government as property tax. Here, these taxes are amongst the highest in the country, which means that it’s easier to find yourself in a position where you’re unable to pay – especially when you are burdened with additional penalties, known as delinquent property taxes in Texas. This can result in your home facing foreclosure, a process whereby your property is sold to cover your tax bill. Here is some insight into tax foreclosure sales and how to avoid foreclosure by paying your property taxes.
Property taxes are set by local government and because these funds go into their budget, they have powerful tools to use to collect property taxes and penalize late payments. Here, property tax solutions specialists discuss how non-payment of these taxes can affect you personally, whether it’s regarding your home property taxes or commercial property taxes.
According to recent research, the property tax rate in Texas is one of the highest in the USA, with property owners paying around one-third more than the national average. At 1.83% for Texas as a whole and an even more substantial 1.97% for Austin, it’s no surprise that homeowners are feeling the pressure – and wondering exactly why these taxes are so high.
Property taxes often arrive at a time when you can least afford it - and it can easily seem like you could lose your home or business premises as a result. Here is some important information about property tax loans in Texas, including residential and commercial property tax loans, so that you can make an informed decision about your financial interests.
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YOUR TAX OFFICE MAY OFFER DELINQUENT TAX INSTALLMENT PLANS THAT MAY BE LESS COSTLY TO YOU. YOU CAN REQUEST INFORMATION ABOUT THE AVAILABILITY OF THESE PLANS FROM THE TAX OFFICE.
If you are over 64 or disabled, don’t get a property tax loan, contact your tax office about a deferral.
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