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Do I Have Personal Liability for Not Paying My Property Taxes?

Personal Liability 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.

Non-Payment of Residential Property Taxes

If you do not pay your annual property taxes on your home or an investment property, the entity owning the property (the formal owner) is liable. If the property is titled in an individual’s name, then the person is liable. If the property is titled in an entity, then the entity is liable.

Also - a sale of a property does not allow one to escape personal/entity liability. First, your local tax authority will start charging interest and financial penalties on your account. These penalties are the main concern, as they can be as high as 43% of your original tax bill in the first year alone and the interest will continue to accumulate on top of this until the bill is paid in full.

A tax lien will be automatically applied to your property every Jan 1 (current and noncurrent alike). It is not extinguished until the taxes and any outstanding penalties or interest is paid. If they are not paid, the foreclosure process will begin.

It is important to remember that you can prevent foreclosure on your home through property tax loans. These loans are designed to cover the full amount you owe to the local government and give you a structured payment plan to repay the amount back to the lender. Good property tax loan companies will fully investigate how much you owe and deliver an affordable payment plan that avoids foreclosure and doesn’t require a credit check or a deposit. A property tax loan will stop the foreclosure process at any time before the property is sold.

Non-Payment of Commercial Property Taxes

Commercial properties are also subject to property taxes in Texas and, as with residential properties, the formal owner - whether it is you as an individual or an entity - is fully liable for these taxes.

If you are deemed responsible for payment of property taxes, this can lead to significant cash flow problems, seizure of the property, and even bankruptcy. Corporate property tax loans are designed to prevent this – and help your business get back on its feet. As with personal property tax loans, commercial property tax solutions are tailored to your circumstances and put an immediate stop to local government proceedings against you and your business. By providing affordable repayment terms and no down payment, the negative impact on your business and personal finances is minimized, giving you time and space to get back on your feet.

Where Can I Get Quality Property Tax Loans in Texas?

American Finance & Investment Company, Inc (AFIC) is a professional provider of residential and commercial property tax loans in Texas. Our team are specialists in helping people and businesses improve their financial situation without the risk of facing foreclosure or bankruptcy. Get an estimate for your property tax loan by filling the form below.


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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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