The Texas property tax cycle rolls on from year to year. What’s known for sure is that you will receive a bill in October, which you need to pay by January 31st. What some people don’t often consider is whether the taxes they are paying are in arrears or in advance. Here is a short but definitive explanation.
Taxes are due every year in arrears. The tax year runs from January 1st to December 31st, and the taxes assessed for a given year are then charged to homeowners the following October. Here are the key points to remember:
Whether in arrears or in advance, the point is that you need to pay every year by January 31st or face penalties and interest that can soon become unmanageable. If you ever do reach that point, the best thing to do is to contact a property tax lender. Once your loan is approved, you don’t have to worry about the specifics of the previous tax year. The tax lien is transferred to the lender, your account is settled immediately with your local authorities, and you can make a repayment arrangement with the lender that suits your budget and schedule. If you find that the intricacies of the property tax cycle are getting you down, let a property tax lender like AFIC help.
American Finance & Investment Co., Inc. (AFIC) is an OCCC-registered property tax lender. We offer our clients an affordable, hassle-free way to manage their Texas property taxes. 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 to suit the unique needs of our clients. If you would like to discuss our property tax loans and any additional advice on the requirements of your local tax authorities and the details of your property taxes, please contact our experienced team at AFIC today.
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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.
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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