Texas has the fifth highest property taxes of all American states, and the tax rate is growing. There are several reasons for this, including the fact that many people are moving to Texas cities such as San Antonio. Many times, these people come from states where property prices are higher and they are, therefore, able to outbid residents on properties. In addition, interest rates are currently low, which means people can more easily afford houses or even buy larger houses than what they would have been able to years before.
County officials can also raise property taxes by 8% annually without voter approval. By contrast, school districts can only raise taxes by 3.5% annually without voter approval, according to the Texas Property Tax Reform and Transparency Act of 2019. Some of the other highlights of the Act include:
With these rising costs and economic situations that are outside of your control, it is easy to see how some people can fall behind on their property taxes.
Whether you have fallen behind on your property taxes due to financial circumstances or because you simply forgot to pay, the good news is that American Finance & Investment Co., Inc. can help rectify the situation with a property tax loan.
A loan to pay property taxes is an alternative to avoid foreclosure and further penalty fees, giving you much-needed time and relief from municipal collections.
Consumers can transact safely with property tax lenders, knowing their interests are taken care of. Property tax lenders are regulated by the Texas Office of the Consumer Credit Commissioner, and to ensure industry members are meeting the highest ethical standards, the Texas Property Tax Lienholders Association was formed.
With 1.5 million residents, San Antonio is the second-most populous city in Texas as well as the Southern United States. The city was founded in 1718 as a colonial outpost and became the first chartered civil settlement in present-day Texas in 1731. San Antonio has a diversified economy with a primary focus on the military, financial services, oil and gas, health care, government civil service, and tourism. Over 20 million tourists visit San Antonio each year, primarily due to the River Walk and The Alamo.
Need more information about property tax loans in San Antonio, TX? Get a quotation for property tax loans in under 1 minute by completing the form on our homepage.
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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