Property Tax Loans in Texas

When Texas property owners fail to pay their property taxes on time, the local taxing authority – typically the county – places a tax lien on the subject property. A tax lien gives the county certain rights with respect to the subject property, most notably the right to foreclose on the property if the tax remains unpaid for too long.

Although foreclosure is relatively rare, late fees and penalties are not. Counties are authorized to charge a 6% base late fee beginning on February 1 of the year after the taxes become due. Because property taxes are generally due in November, this late fee attaches after about two months. Additionally, counties are authorized to charge an interest rate of 1% per month and to increase the interest rate by another 1% for each month the property tax remains unpaid.

If your property tax is still unpaid by July, counties are authorized to double the base late fee from 6% to 12%. Counties are also authorized to charge an attorney’s fee equal to 20% of the total tax bill to recover the costs of any litigation necessary to recover delinquent property taxes. So, accounting for the base late fee, interest, and attorneys’ fees, property owners may be liable for an extra 38% on top of the property tax they already owe if their taxes become just 6 months overdue.

A property tax loan in Texas from Property Tax Loan Pros can help you satisfy your tax obligation immediately, avoiding needlessly paying late fees and penalties to the county tax collector.

Here at Property Tax Loan Pros, our lending professionals have combined years of experience serving both residential and commercial clients. Whether you need help paying the property tax on a primary or secondary residence or on commercial property, Property Tax Loan Pros can provide the cash necessary to pay your property taxes up front, allowing you to pay your taxes over time according to a schedule that works for you.

Businesses especially benefit from our property tax loans! Texas is one of just a handful of states in the United States to charge property tax not only on commercial real property, such as buildings and land, but also on most tangible commercial personal property. This means that your business’s machinery, equipment, supplies, vehicles, inventory, and even office furniture may be subject to commercial property tax.

For this reason, even small businesses can incur substantial property tax liability. As a local Texas business ourselves, we are well aware of the constraints that a lump sum property tax payment can place on a business’s cashflow. Our tax loans for a  business property in Texas help businesses free up valuable cashflow by allowing them to satisfy their property tax obligation over time, instead of having to write a single, large check all at once.

At Property Tax Loan Pros, we realize our clients are more than just a number on their credit report. Everyone experiences financial hardship from time to time, and many times those difficulties are caused by factors totally outside your control.

For this reason, we evaluate each potential client holistically to determine the loan product that is right for them. We seek to serve every Texas client that contacts us, and we will always do our very best to develop a product that works for each client whether they have perfect credit or no credit at all.

• Low monthly payments
• Flexible, personalized payment plans
• No prepayment penalty on residential property tax loans
• Intuitive and streamlined online loan application
• No application fee
• Fast approval and dispersal of funds
• Holistic client evaluations