Texan property owners are mostly well aware of the fact that they face some of the highest property taxes in the country. However, the tax rates themselves pale in comparison to the bill you will have to deal with if your property taxes become delinquent. Aside from being penalized for your failure to pay, you will also be charged interest on the outstanding amount for as long as the bill remains unpaid. This can soon add up to unmanageable debt.
Failing to pay your property taxes on time results in three types of charges:
Interest charges are applied at 1% per month (12% annually) beginning February 1st. This continues until the taxes are fully paid.
Penalty charges increase over time as follows:
Legal collection costs can vary by jurisdiction, but typically:
Texas already has high property tax rates, and these penalties can cause your tax debt to spiral out of control. If the delinquent tax remains unpaid, you may face:
To avoid excessive penalties, consider a Texas property tax loan, which allows you to pay off your tax debt immediately to stop penalties from accumulating, repay the loan in manageable installments tailored to your budget, and protect your property from foreclosure or tax liens.
Texas property tax rates are high enough as they are. These additional costs can make property owners’ tax bills soar out of control in a very short period. Therefore, it is a much better option to make arrangements to pay your taxes as soon as possible. If you don’t have the cash flow to pay it, apply for a Texas property tax loan instead. This will settle your debt with the tax authorities immediately and allow you to pay back the loan in a way that will suit your budget.
American Finance & Investment Co., Inc. (AFIC) offers 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. 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 that suit the unique needs of our clients. If you would like to discuss our 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
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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.
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