Are you tired of worrying about the burden of paying property taxes for your business? Look no further! This comprehensive guide covers all you need to know about commercial property tax loans.
Whether you’re a seasoned business owner or just starting out, discover the essential information you need to navigate the world of property tax financing - from understanding the basics to exploring your options and finding the best fit for your business.
Commercial property taxes in Texas are not levied by the state but rather by local governmental entities. You may be shocked to hear that more than 4,796 local governments exist in Texas — school districts, cities, counties, and various special districts such as community colleges and public hospitals. And they all want funding from taxing your business property.
With so many recipients counting on that income, you can bet that the penalties for non-payment are going to be harsh.
If you have fallen behind on paying property taxes for your business, you are not alone.
While all these reasons are valid, they don’t stop the taxman’s focus on collecting the owed taxes to fulfill his mandate.
Knowing the consequences of delinquent property taxes, you’ll be wise to take steps to address the issue as soon as possible.
With a business property tax loan, the lenders pay your tax obligation to the appropriate tax office. They then reflect your account as paid, and all the collection actions cease. The governmental tax lien is transferred to the property tax lender, for example, American Finance & Investment Co., Inc., and you would then make payments according to the terms negotiated in your loan agreement.
The number one reason to take out a loan for commercial property taxes is to plug the leak in the financial dam.
Stop the exponential increase of penalties and interest to keep the amount due manageable and maintain the financial stability of your business.
If you are struggling to keep up with taxes, you are not alone! It is something that nearly all business owners face at some point. That is why our team at American Finance & Investment Co., Inc. partners with commercial property owners across the state who need help paying their taxes.
We offer our clients an affordable, hassle-free way to ensure that your account with the local government tax office is paid in full and will work out a manageable repayment plan for you. AFIC can provide you with an instant quote by completing the form on our homepage. For qualifying properties, we can help you pay off your delinquent taxes and offer you the following benefits:
We pride ourselves on finding solutions to suit the unique needs of our clients. If you would like to discuss our commercial property tax loans, please contact our experienced team at AFIC today.
Rates as Low as 8.0% (8.51% APR*) $25,000 loan,
$750 in Closing Costs, 120 Monthly Payments of $303.32
Get your estimate in under 1 minute!
Fill out the form below to start your loan quote
Proudly Serving Austin (Travis County & Williamson County), Dallas (Dallas County), El Paso (El Paso County), Fort Worth (Tarrant County), Houston (Harris County, Fort Bend County, & Montgomery County), the Rio Grande Valley (McAllen, Pharr, Hidalgo County, & Cameron County), San Antonio (Bexar County), Waco (McLennan County) and the rest of Texas with Property Tax Loans.
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.
OCCC License #159698 • NMLS #1778315, 2421751