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What’s the most important feature of a property tax loan?

property tax loan

If you are looking for how to save money on your property taxes, a property tax loan may be the solution you hadn’t considered.A property tax loan is when property tax lenders pay your taxes and in return work out an affordable repayment plan with you. This allows for residential and commercial property owners in Texas to bypass penalties, interest, and legal fees on their delinquent property taxes. The Tax Collector transfers the tax lien to the property tax lender, providing the lender with security and ensuring they are paid under the payment plan.

While it may seem counterproductive to apply for a loan to pay your property taxes, that is not the case. Property tax loans can help you save money if you know you will be unable to meet the payment deadline. Instead of paying one large sum, you can work out an affordable repayment plan with a reputable property tax lender, lessening your financial strain.

Save money with a property tax loan

If you are unable to pay your property taxes, your local taxing authority will start charging interest and penalties on your tax account, thereby making your property taxes more unaffordable to pay. This interest typically accrues monthly, and monetary penalties are also incurred. A property tax loan can assist in avoiding impending penalties, interest, and collection fees that the county imposes on unpaid property taxes—in return, saving you money.

As of February 1, your tax bill will accrue a 6% penalty. The penalty will increase by 1% monthly until it reaches a maximum of 12% on 1 July. Delinquent property taxes may also accrue a further penalty of up to 20% added as of July 1st. This delinquency penalty is 20% of all property taxes, penalties, and interest accrued to that date and is used to cover legal fees when property taxes are handed over to attorneys for collection. Court and other fees may also be later added if the county files suit against you.

Texas has no income tax. Most of the funding for state and local government comes from property tax. When a taxpayer finds he is unable to pay his tax bill, tax loans are available to save from paying additional penalties, and interest. Texas property taxes are subject to steep penalties and tax loans help property owners avoid them. Interest and penalties on property taxes can be around 43% in the first year alone.

Paying back a tax loan is usually an easy process as most property owners are given between three to ten years to do so. Even with interest, tax loans help to save property owners money. It is not unusual for a property owner to save money while having manageable payments by taking out a tax loan versus paying penalties and interest to their tax collector.

About AFIC

AFIC’s property tax loans can provide fast, affordable relief from the often unmanageable demands of county and city tax offices throughout the state. You can receive 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.


Loans For Your Unpaid Property Tax
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Rates as Low as 8.0% (8.51% APR*) $25,000 loan,
$750 in Closing Costs, 120 Monthly Payments of $303.32

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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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