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Property Tax Risks for the Texas Hospitality Industry and How to Mitigate Them

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Texas’s hospitality industry has had a harrowing journey through COVID-19, with many businesses hit yet again during the 2021 Texas Power Crisis. Hotels, restaurants, and other businesses in this sector face risks associated with their property taxes when catastrophic events bring businesses to a near halt. This blog post will examine some of the risks businesses in this sector may face with their property taxes and what steps owners can take to mitigate them.

Risks for the Texas Hospitality Industry

Businesses in Texas must file an annual rendition statement that details information on the business, the taxable inventory, and a good faith estimate of the property value. Small companies with assets under $20,000 may file a simplified rendition statement. Penalties are assessed on businesses that fail to file a rendition by the deadline of April 1st.

Property taxes are calculated each year by the county, and the property tax bills are mailed to business owners. If the property tax becomes delinquent, the business will face high interest charges, fees, and penalties. The interest and penalties can amount to over 43% in the first year alone. Procrastinate longer, and you face the risk of a foreclosure on the property, in addition to fees and penalties.

Property Tax Extensions and Exemptions for Businesses

It is always important to know if your business qualifies for any extensions and exemptions. Businesses can request an extension on the rendition deadlines by filing a written request. Look for extensions or relief that may be available due to emergencies such as COVID-19. There are even exemptions for solar or wind-powered devices available to owners to reduce their final property tax bill.

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Property Tax Loans for the Hospitality Industry

Even if your hospitality business qualifies for a property tax exemption, you should consider the benefits of using a property tax loan. Many lenders offer loans geared specifically towards commercial properties such as those in the hospitality industry. A property tax loan can free up capital that could be better spent maintaining or growing your business. Your property tax bill can be paid in regular monthly payments at a low interest rate by using a property tax loan. Monthly payments will make the expense easier to incorporate into the budget, provide you with ease of mind, and allow you to focus on your business.

We Provide a Solution for Businesses Owing Property Tax in Texas

Founded in 1946, American Finance & Investment Co., Inc. (AFIC) started by serving the financial needs of El Paso and has since grown to become one of the top property tax lenders in the state of Texas, with a complaint-free track record for over 65 years, with the Better Business Bureau.

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:

  • Quick and completely online process
  • No money down
  • No credit check
  • Free 30-day rate match
  • Match competitors and beat their rate by 1%
  • Avoid high penalties and foreclosure

We pride ourselves on finding solutions to 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.


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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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