What Are Texas Property Tax Loans?
Texas property tax loans are unique to the Lone Star State because of its taxing model mentioned above. These loans are meant to provide relief to those who are unable to pay their tax bill. Texas property tax loans involve property owners making an agreement with a lending company, such as Tax Ease, for that company to pay off their debts to the local taxing authority completely. Then, the property owners pay back the lenders instead, with both parties having agreed on the terms of repayment. In many cases, these loans offer the kind of immediate relief that people need and provide a payment plan that fits their budget.
Why Would You Need A Property Tax Loan?
As we always say, life gets in the way. There are many reasons why you might need property tax financing. For individuals, this might include things like home repairs and other financial emergencies. For businesses or business owners, it could be because expenses have piled up, and you need to pay employees and other bills to keep the lights on.
Regardless of the reason why money is tight, Texas property tax loans are for anyone who is facing potential property tax delinquency or who has already become delinquent. All debts to the local taxing authority will be paid in full so you can get back to life as it should be.
Are There Different Kinds of Texas Property Tax Loans?
Yes, there are different types of loans depending on if you owe taxes for a commercial or residential property.
- Commercial Property Tax Loans: Available for all kinds of Texas businesses and other commercial properties.
- Residential Property Tax Loans: Offered for individuals who own homes, land, rental properties and more.
Are Property Tax Loans A Good Idea?
It depends on your specific situation, and ultimately, you have to decide what’s right for you. Consider the following factors:
- Before taking on a loan, make sure you’ve exhausted all of your other resources and investigated all of your options for property tax assistance in Texas, including payment plans with your local taxing authority.
- Failure to pay your tax bill can result in foreclosure on your property, whether you’re repaying the taxing authority or a lender. However, the local government could also place a tax lien on your property.
- Being delinquent with your county can rack up a lot of debt over time due to property tax penalties and fees, and depending on the amount you owe, it will likely exceed any charges from a loan lender.
It’s no secret that Tax Ease offers Texas property tax loans, and we’d love to work with you. But, we want to make sure that we’re a good fit for your needs. Our loan experts can discuss your options with you to find the best choice.
How Do Property Tax Loans Work?
At Tax Ease, the Texas property tax loan process is incredibly easy. You’ll go through the following steps:
- Fill out an application or call our office.
- Provide the information we need about your commercial or residential property and your finances.
- Determine a payment plan with our experts that suits your budget. Sign the proper documents to close on your loan.
- Breathe a sigh of relief because we’ve paid your property taxes in full.
It’s no secret that Tax Ease offers Texas property tax loans, and we’d love to work with you. But, we want to make sure that we’re a good fit for your needs. Our loan experts can discuss your options with you to find the best choice.
Tax Ease Provides Texas Property Tax Loans That Work For You
With some of the lowest rates around and a payment plan customized for you, Tax Ease will ensure that you get what you need. We have the experience and knowledge to offer the best Texas property tax loans — well-suited for Texans of all kinds. Start the application process or contact us today!