//Real Estate Taxes vs. Property Taxes

Real Estate Taxes vs. Property Taxes

Since the state of Texas has no income tax, there is a lot of talk about other types of taxes, like property taxes and .real estate taxes You may have wondered, “Are real estate taxes the same as property taxes?” The answer is yes, and no. In many cases, you can use the two terms interchangeably, but there are certain situations where property taxes are not the same thing as real estate taxes.

In this article, we will compare real estate taxes vs. property taxes and help you understand when there is a distinction and why.

Real Estate Taxes vs Property Taxes

What Are Real Estate Taxes?

Real estate taxes are payments made to the government each year for all the real property, or immovable land, that you own. As the name implies, immovable land is any building, house or plot of land that physically cannot be moved. The government will use these tax dollars to pay for things like schools, safety services, infrastructure and more. Some people pay real estate taxes through their monthly mortgage payments using an escrow account. Other times, your real estate tax bill is paid directly to your local tax collecting agency.

What are Property Taxes?

A property tax, by definition, is a payment made to the government on any property you own. When it is land, these are referred to as real estate taxes or real property taxes. But there is also another type of property tax that you have to pay that is not synonymous with real estate taxes.

Personal Property Tax vs. Real Estate Tax

The distinction between real estate taxes and property taxes occurs when you are talking about personal property taxes, or taxes on movable property such as cars, boats, RVs or planes.

Some examples of personal property taxes in Texas include the portion of vehicle registration fees based on the property’s value.

Where Can I Find Help With Paying Real Estate Taxes?

Each year, many Texas taxpayers find themselves needing help paying their property taxes. In most cases, making a complete payment is the only way to stop the penalties, interest and possible legal actions that can come if you are delinquent in paying your taxes.

If you need assistance to make a payment, the best help available for real estate taxes is a property tax loan. Whether you need a commercial property tax loan or a residential property tax loan, a top Texas lender like Tax Ease can help you pay in full with no credit check or additional fees. And, you can choose repayment terms that fit your budget.

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Let Tax Ease End the Stress of Unpaid Real Estate Taxes

For nearly three decades, Tax Ease has helped Texas homeowners like you through the anxiety and stress caused by unpaid property taxes.

With Tax Ease, it’s quick and easy to apply for a property tax loan. Just fill out the application and you can be approved in less than 24 hours. Don’t lose any more sleep stressing about taxes. Avoid foreclosure and relax knowing Tax Ease can help with a property tax loan.

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