915-519-0906

What Do High Property Taxes Mean For Property Owners In Texas?

property%20tax.png

Despite the ripple effect that the global pandemic has set into motion and the related financial uncertainty it has created for many, home prices have soared in Texas. Prices are said to have reached historic levels amid the Covid-19 outbreak – with Austin leading the major metropolitan areas with a price increase of 6.5% recorded in July. The July Housing Insight report by property data provider CoreLogic has shown that home prices have surged by 5.9% nationwide in August 2020 compared to the previous year. Austin has become increasingly popular among homebuyers – to such an extent that the housing supply cannot meet the demand, culminating in skyrocketing home prices. Rates have also reached a record low during the pandemic. This has created a vortex of sorts, where homeowners or home sellers own an appreciating asset with higher costs attached to it. However, prospective home buyers are in a precarious situation where home prices have become inflated to such an extent that they might seem impossible to achieve.

The impact of house prices on property taxes

While this significant increase in home value might benefit property owners looking to sell in the future, an appreciating trend will inextricably result in higher property taxes. This means that while the asset might carry a higher value in the future, the current owners still bear the full burden of the reappraised property taxes. It is not surprising that many Texas homeowners might be concerned about how they will cover higher rates once the upcoming 2021 property valuations reflect these higher home values.

property%20taxes.png

We have a solution for property owners in Texas

American Finance & Investment Co., Inc. (AFIC) is a top property tax lender in Texas with a Better Business Bureau track record of more than 65 years. Our tax loans allow for negotiable terms with our clients while we pay your delinquent property taxes to the county or designated local government tax office. Your account will be paid with the tax office, and all municipal collection actions attached to the paid taxes will cease. The governmental tax lien will be transferred to AFIC (the property tax lender), and you will, in turn, become responsible for paying AFIC within the terms of your agreement. The benefit of applying for a property tax loan is that the flexibility is often far more generous than a county tax office might be in paying or settling your property taxes. This will allow you to reduce your fees and negotiate extensions, or both, for payments on your payment plan.

AFIC will provide you with a quotation in under one minute. We can help you pay off your delinquent taxes, offering the following benefits:

  • No credit check
  • No money down
  • No payments for up to 60 months
  • Value guarantee - Beat any competitor’s rate by 1%
  • Online process
  • Avoid foreclosure

We pride ourselves on finding solutions to suit our clients’ differing needs. If you would like to discuss our property tax loans, contact our experienced team at AFIC today.


Pay Off Your Delinquent Property Tax
No Money Down
No Credit Check
Rate Match Guarantee
Online Process
Avoid Foreclosure

Get your Loan Quote
in under 1 Minute!

My Property Tax Loan Quote

Get your estimate in under 1 minute!
Fill out the form below to start your loan quote

Pay Us Later
Pay Us Later
Interest Only
Interest Only
Escrow Protection
Escrow Protection
Rate Buster
Rate Buster

My Property Tax Loan Quote

Get your estimate in under 1 minute!
Fill out the form below to start your loan quote

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, Phar, 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.

OCCC License #159698 • NMLS #1778287