Are you going through a property tax collection lawsuit in Texas? Property owners in Texas are subjected to some of the highest tax rates in the country, and following the economic and financial uncertainty we experienced last year, it’s no surprise that many people across the state are struggling to afford their expensive property taxes. Unfortunately, once a homeowner misses the deadline (delinqeuncy date) set out by the appraisal district and its appraisal review board, their taxes become classified as delinquent. Delinquent taxes have serious consequences and can result in tax entities filing lawsuits against you. The municipality may even seize your property and put it up for a foreclosure sale where the proceeds from the winning bid will be used to pay your outstanding taxes.
When you’re no longer able to pay your property taxes, your tax collector or their assigned collection law firm, may choose to file a lawsuit against you to collect the delinquent tax. Unfortunately, thousands of people find themselves in this situation year after year, and they aren’t sure what to do.
Taxing entities will sue for a full financial judgment, including the amount of the original delinquent taxes, all penalties and interest, the law firm collection fees, and all court costs, abstract fees, and lawyers/attorneys feees. All of these costs, especially if you already can’t pay your property taxes, can seem like too much to handle.
If your property tax assessor-collector has filed a lawsuit against you for non-payment of the tax, here’s what we recommend you do:
Keep in mind that saying “I did not receive my bill or tax statement” is not an excuse. You will still be liable to pay your tax as well as any interest or penalties that have been accrued. In order to secure the payment of taxes on January 1, a tax lien is placed on all properties subject to taxes. Until the property taxes are paid, a lien exists in favor of the taxing unit or units responsible for taxation. On January 1, the property tax code places personal liability for the taxes on the owner of the property.
When you fall behind on paying your personal property taxes you’ll also incur expensive penalties, late fees, and other associated costs. These costs can add up very quickly and if you’re not careful, you can easily end up in a financial hole that is very difficult to dig your way out of - partner with a trusted property tax loan company who can help you get back on track.
A leading tax loan company like American Finance & Investment Company, Inc. (AFIC) will work with you to create a solution that works for your circumstances and your budget. Property tax collection lawsuits can be expensive, frustrating, and often feel never-ending. And in the end, you may not get the result you want.
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 an easy repayment plan for you. AFIC can provide you with an instant quote quotation within a minute by completing the form on our homepage. For qualifying properties, Wwe can help you pay off your delinquent taxes, and offer you the following benefits:
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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$750 in Closing Costs, 120 Monthly Payments of $303.32
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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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