Is There a Difference? : Real Estate Taxes vs. Property Taxes


Real estate taxes vs. property taxes - aren’t they the same thing? Well, sometimes. The two terms are often used interchangeably, but they have different essential meanings, and there are certain situations where property taxes are not the same as real estate taxes. This short guide will help you understand the difference.

What Is Property Tax?

By definition, a property tax is a payment made to the government on any property you own, be it land or a car - any property movable or immovable. Property tax is thus a more general term than real estate tax.

What Is Real Estate Tax?

Real estate taxes are the annual payments you make to the government for the land or real property you own. We use the term ‘immovable land’ to apply to any plot, building, house, or land that cannot be removed. The government uses the funds raised from real estate tax to pay for services such as schools, infrastructure, and safety and security.

What’s the Difference Between Real Estate Taxes and Personal Property Taxes?

As we mentioned above, property tax is a general catch-all term referring to any tax you pay on assets you own. Real estate tax is a type of property tax that applies only to land and immovable assets. Then there is another type of tax you should be aware of: personal property tax. This kind of tax is one that companies have to pay on movable assets, such as cars, boats, RVs, and planes.


Why Are Real Estate Taxes and Property Taxes Separate?

The distinction between personal property and real estate tax should be clear based on the above explanations. They are separate because they apply to two distinct classes of assets - immovable and movable. You pay taxes on your home and other real estate you might own, and then in addition to real estate taxes, entities pay taxes on personal property, separately.

Get Help With Your Texas Property Taxes

American Finance and Investment Co., Inc. is a financial institution based in Texas. We offer property tax loans to Texas real estate owners to enable them to settle their debts to their local tax authorities. In light of the discussion above, it should be noted that AFIC deals only with real estate taxes. We do not finance personal property taxes. AFIC has been serving the financial needs of residents in Texas communities since 1946. With nearly eight decades of complaint-free consumer financing, we stand out as the first choice when it comes to manageable solutions for your tax debts.

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. Now that you have a better understanding of real estate taxes vs. property taxes, if you would like to discuss our property tax loans, please contact our experienced team at AFIC today.

Ernest Eisenberg

Ernest Eisenberg, President of American Finance & Investment Co., Inc. (AFIC), brings a wealth of expertise in non-traditional financing, including property tax loans and non-bank mortgage solutions. His vision is characterized by a commitment to offering flexible financing solutions to Texas property owners.

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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.


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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