When Are Texas Property Taxes Due?

Property taxes may come in the form of an annual tax statement, but several dates are important for homestead owners to take note of throughout the year. Key Texas property tax due dates include when taxes are due and when penalties and interest will begin to accrue on any delinquent taxes. Continue reading to learn about some key property tax dates and payment options that are available to property owners in the state of Texas.

Important Property Tax Dates

Many important dates relate to when property taxes are due and when penalties and interest take effect throughout the year. The current year’s taxes request and initial payment are due by the due date on the bill(January 31st in most cases). Subsequent installments may be paid without penalty or interest if paid as follows: The second installment must be paid by March 31st.

• October 1st - Tax statements begin to be mailed out to property owners
• January 31st - In most cases, the deadline for paying property tax
• February 1st - When unpaid taxes become delinquent, and penalties and interest are added
• July 1st - Additional penalties are added for legal costs related to collecting unpaid taxes
• 1st of each month - an additional 1% of your unpaid taxes is charged as additional interest, each month the taxes go unpaid, on the 1st of each month. In the first year taxes are unpaid, additional penalties apply, each month, thru the aforementioned July 1st

It is essential to check with your county tax collector and mark the correct dates in your calendar. If a deadline falls on a non-business day, the date is extended to the next regular business day. If the last day of the month falls on a Saturday, Sunday, or effective date of the prior month.

Property Tax Payment Via Your Mortgage

A common property tax payment method used by many with mortgages is to pay through an escrow account that their lender maintains. Each month, a portion of your mortgage payment will go into the escrow account, and your lender will use the accumulated money to pay your property tax when it is due. As this relies on estimating what is owed, it is possible that what you have contributed will not cover all of your property tax according to the approval tax rate, requiring you to pay the difference when the tax is due.

Property Tax Payment Plans

In many cases, you will be able to apply to pay your taxes in various payment plans. These can include half-payment plans and quarter-payment where the taxes are split into two or four equal payments throughout the year, respectively. Generally, half-payment plans have their payments due on November 30th and June 30th. There is a convenience fee of around 2.30% for Visa Credit card, Mastercard and Debit card payments.

Some county tax offices or appraisal districts may offer additional installment plans like a 10-month payment plan or a pre-payment plan that works like an escrow account through a mortgage or other plans available to those over 65 or with disability exemptions, a disbaled veteran, or survivor. Some tax collectors will allow you to pay delinquent taxes in installments for up to 36 months. They are not reequired to offer this option except on a residence homestead.

Property Tax Loans

For those that do not qualify for payment plans or find that half or quarter-payment plans are too burdensome, private property tax loans are a financial product that you can use. Property tax loans allow you to convert your property tax bill into an affordable monthly payment. Property tax loans will provide you with:

• Affordable monthly payment plans
• Flexible repayment terms
• Avoid foreclosure
• Stops the accumulation of penalties and fees
• Relief and peace of mind

American Finance & Investment Co., Inc. (AFIC) offers 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. If you would like to discuss our property tax loans or establish the Texas property tax due date, before contacting an attorney, please contact our experienced team at AFIC today.