Being behind on your Texas property taxes can open a floodgate of penalty fees and payments. Your first collection penalties amount to at least 20% if not paid, then you will receive collection letters that threaten foreclosure and lawsuits. To avoid everything snowballing out of control, you can find relief through fast funding for property taxes with American Finance & Investment Co., Inc.
When you apply for a property tax loan with us, you can avoid accruing county interest, taxes, fees, and penalties on your delinquent property taxes. We have been working with residential and business property owners in Texas for many years, and we know what it takes to sidestep the stress brought by unpaid property taxes. Our process has been designed to eliminate that stress and ensure your property taxes are paid within a matter of days.
On 1 February of each year, the taxing authority in Texas charges property owners 7% in interest and penalties in most counties. This interest and penalty rate will increase by 2% per month until 1 July, when the authority will slam you with a staggering 20% collection fee.
Between 1 February and 1 July, your property taxes will have accumulated to 38% in penalties, interest, and fees if you are still delinquent on your taxes. The bad news is that there isn’t a cap on the penalty fees and it will continue to rise each month. Those who fall behind during the season can see their penalties and fees rise to 44% on top of your property tax payment in the first year alone.
With quick and easy approval as well as fast funding, we will get you out of the situation you find yourself in. Get an estimate in under 1 minute by completing the form on our property tax loans page.
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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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