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The Impact of COVID-19 on Commercial Property Taxes

property tax Texas

Commercial property owners and investors in Texas are in a tough situation when it comes to paying their property taxes, mortgages, and mortgage interest. COVID-19 has drastically changed life for all Texans, and millions of people have been left wondering how they will recover financially from months of lost rent income. Adding to this financial strain felt by so many, commercial property appraisal notices have been sent out across the state, and commercial property owners are still expected to pay their property taxes on time.

Unfortunately, the state of Texas has not yet offered any substantial relief to property owners that have suffered economic loss as a result of the pandemic. Many citizens and lawmakers have called for the state’s representatives to take action, but until other policies are put in place, property taxes are still due.

Some of the suggestions put forward by Texas lawmakers include:

  • Freezing tax rates until the pandemic is over
  • Reverting to 2019 property tax rates
  • Stopping all property appraisals
  • You might be able to appeal the 2021 assessment valuation for taxes payable in 2022 if the market value of their property dropped below the assessed value.
  • property tax exemptions

COVID-19 has put commercial real estate owners under unique financial strain during lockdown. You need your business to be open to generate income in order to pay your property taxes and expenses, but the state-mandated lockdown means you’ve lost months’ worth of income, and you’re still stuck with your tax bill and an increased tax burden. In addition, property appraisals are made according to the value of each property on 1 January of that year, so Texas properties were appraised before the pandemic hit. Many property owners feel this is unfair because they’ve suffered a substantial economic loss due to COVID-19, and the lack of tenants business income, and their tax rates continue rising.

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Contact us for property tax relief in Texas

COVID-19 has changed life for all of us. If you’re a commercial property owner struggling to pay your taxes, we understand this is a frustrating time. We’ve helped thousands of business owners across Texas pay their property taxes, and we can work with your circumstances and your budget. We don’t know when life will resume as normal, but in the meantime, you don’t want to fall behind on paying your property taxes.

At American Finance and Investment Co., Inc., we help commercial property owners pay their taxes on time so they don’t incur expensive fees, interest, and other penalties. We work with you to create a repayment plan that fits your circumstances and your budget, and our tax loans allow you to avoid the difficult-to-break cycle of late tax payments. Call our team today and discover why so many people have partnered with us for property tax loans in Texas. We look forward to hearing from you.


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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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