Can’t pay Texas property taxes? You have options.

The average Texas property tax bill is $3,327, and the fees and penalty payments start to add up fast if you miss the January 31st payment deadline. Now that it’s September, being late on property tax payments puts you danger of receiving foreclosure notices as well as mounting penalties, interest and legal fees  from your local tax collection attorneys.

If you can’t afford to pay your Texas property taxes, Home Tax Solutions is here to help you understand your options. Read on to see how you can put a stop to unnecessary penalty payments and overwhelming interest.

Make late payments

Beginning on February 1 of each calendar year; penalties and interest are assessed and attached to your property until your taxes have been paid in full.  Fees assessed are non-negotiable and stay attached to your property.

Get a tax deferral

You may be eligible for a tax deferral if you are over 65 years old and the property you owe payments on is your personal homestead. Your taxes won’t go away,  but late fee penalties will stop and your interest will be reduced to 8%. If you no longer occupy the home, you’ll need to pay the accumulated taxes within 180 days to prevent foreclosure.  If you are granted a tax referral, it is wise to make interest payments you can afford to minimize the amount that will accumulate.

Create a payment plan

If you are confident that you can repay your late taxes quickly and prepare to pay next year’s taxes without assistance, this may be the option for you. If Texas property taxes are due on your  property, taxing entities are required by law to offer you a payment plan. While payment plan details vary by county, there are a few points to keep in mind:

  • Down payments can be as high as 25%
  • You must make equal monthly payments for 12-36 months
  • Can only be done once every 2 years, so you can’t get a repayment plan every year
  • If you default on your payment, you’ll be subject to retroactive penalties. 

Get a property tax loan

As a Texas resident, you have the option (which has been a Texas law since 1933) to make use of property tax loans to help manage your late payments. A property tax lender can pay your property taxes right away and protect your home. Payment plans for Texas property tax loans are flexible and spread out over time to make sure you can afford monthly payments and still put funds aside for next year’s taxes.

Home Tax Solutions is proud to be an Accredited Business with the Better Business Bureau carrying an A+ rating. Texans trust Home Tax Solutions to stop the penalty payments and protect their property. We offer property tax loans with no payment for 12 months and some of the most competitive rates of any property tax lender.

Call Home Tax Solutions at (800) 688-7306 or apply for a property tax loan online in minutes and receive a free quote right away.