Waiting to pay your property taxes can have serious financial ramifications, and ignoring the consequences won’t make them disappear. No matter how much you avoid a problem, it won’t go away, especially when it comes to unpaid residential or commercial property taxes.
After property tax bills are mailed out (usually in October), the absolute final date for payment is January 31 the following year. This is because, from February 1, interest and penalties begin to accumulate. The longer you leave your delinquent property taxes unpaid, the more your outstanding balance grows. In July, attorney and collection fees often amount to thousands of dollars and are added to the delinquent balance. Within a matter of months, your property tax bill will be substantially more difficult to pay than it had been originally. In the first year alone, penalties can be up to 48%.
If you are struggling to pay your property taxes or any penalties and interest that have accumulated, a property tax loan from a reputable lender can give you the payment freedom and peace of mind you need.
It can be challenging to keep up with Texas’s rising property tax rate, but the consequences of not paying your property taxes are severe. To avoid the steep delinquency costs and possible foreclosure processes, homeowners can apply for Texas property tax loans, which are often cheaper than the penalties and fees associated with missing the due date.
A property tax loan will transfer the tax lien on a delinquent property to the lender, who will then hold the lien over the property until the loan is paid off. The property tax lender will pay the outstanding amount to the tax authority in full (including any penalties and interest that have accumulated). The property owner will benefit from the peace of mind that the crippling penalties have stopped accumulating, and their home will not be lost to foreclosure proceedings.
Other benefits of a property tax loan include:
In short, property tax loans give delinquent property owners the chance to pay their overdue taxes in a time frame that suits their unique financial situation.
Yes. In Texas, many property owners with bad credit can still qualify for a property tax loan, especially if they’re dealing with financial hardship or delinquency.
These loans are designed to help both residential and commercial property owners resolve urgent tax issues by paying off overdue property taxes and county fees. Once approved, the lender works directly with your local taxing authority, such as in Bexar, Travis, or Tarrant County, to settle the full balance on your behalf. A tax lien may be placed to secure repayment, in accordance with Texas law.
AFIC operates under strict oversight from the Office of Consumer Credit Commissioner (OCCC) and is a proud member of the Texas Property Tax Lienholders Association (TPTLA), which promotes ethical lending standards across the state.
Even if your credit history isn’t perfect, there are still options available. Our licensed loan professionals are here to help you explore your eligibility and take the next step toward resolving your tax bill with confidence.
Banks may be able to provide large sums of money, but securing a personal loan to pay taxes on houses in Texas is far more complex than securing a property tax loan. With many restrictions and requirements, getting a loan from a bank can be lengthy and complicated.
Property tax lenders, on the other hand, provide easily accessible loans in a short time to help homeowners as soon as they can secure the loan. With fewer restrictions, it is easier to pay delinquent taxes when you choose the right property tax lender.
While banks have no shortage of money to loan, the availability of these funds is limited to applicants with good credit. Property tax lenders, however, are more lenient with granting credit approval to applicants who have had credit problems in the past. AFIC, for example, grants approval through a quick and easy online process with no credit checks.
One of the most attractive benefits of a property tax loan is that it gives you the financial freedom to pay back the lender on a schedule that suits you.
While property tax loans may not be suitable for everyone, if you owe delinquent taxes, they are a good option to help you achieve financial stability. If you are considering either a residential property tax loan or a commercial property tax loan, looking for a reputable lender with affordable rates, fast turnaround times, and flexible repayment terms, like AFIC, is your best option.
American Finance & Investment Co., Inc. (AFIC) is one of the fastest property tax loan companies in Texas. We offer our clients an affordable, hassle-free way to manage their Texas property taxes and avoid crippling penalties and interest. We can ensure that your account with the local government tax office is paid in full and will work out a manageable repayment plan for you.
By completing the form on our homepage, AFIC can provide you with an instant quote. For qualifying properties, we can help you pay off your delinquent taxes and offer you the following benefits:
We pride ourselves on finding solutions that meet the unique financial situations of each client. If you’d like to learn more about how a property tax loan can support your goals, 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.
APR between 8.0% and 25.0% for loan terms between 12 and 120 months. For example 8.5% APR, $25,000 loan, $750 in Closing Costs, 120 Monthly Payments of $303.32.
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