Are Property Tax Loans a Good Idea?

Many Texas homeowners struggle to cover their always-increasing property tax bills from year to year. If you’re in need of property tax help, but you’ve hesitated to apply for a home tax loan, this blog will answer some of the questions we hear most often and help you understand why property tax loans are a great option for many Texas homeowners. At Home Tax Solutions, we offer a reliable loan option with no hidden fees, no tricks, no scams, and no fear for the homeowners who rely on us to help them with the cost of their property taxes each year. If you’re concerned about applying for a home tax loan, read this blog to learn more about what they are and why so many Texas homeowners rely on the Home Tax Solutions team when it’s time to pay their annual property tax bill. 

What Exactly Are Property Tax Loans? 

The state of Texas has some of the highest property tax rates in the U.S. For this reason, it’s no surprise that many Texas property owners struggle to pay their annual home tax bill outright. Property tax lending gives homeowners an option to pay off their property tax debt over time if they are unable to pay the bill in full before the due date. With a property tax loan from Home Tax Solutions, we pay off the delinquent property tax lien on the home, and allow individuals to split the cost of property taxes into more affordable payments, decreasing financial burden and avoiding high late payment penalties and fees.

Why Would I Need a Home Tax Loan? 

There are many different reasons why homeowners choose to apply for a property tax loan, and every situation is different. Some of the common reasons people apply for home tax loans include: 

  • Stay in the home – foreclosure is a real concern for individuals who have delinquent property tax bills, and receiving a home tax loan allows these property owners to avoid losing their home. Home Tax Solutions has never foreclosed on any property, and we always strive to ease financial burden, allowing homeowners to break free from the cycle of debt that often leads to foreclosure by other lenders or due to delinquent tax payments.
  • Avoid fees – late payment fees, interest, and penalties assessed by the state on some delinquent property tax bills can be exorbitant. While a home tax loan does have interest, our assessed fees are much more affordable than those leveraged by taxing authorities on delinquent taxes.
  • Maintaining liquid assets – you may have the cash on hand to pay off your property tax bill, but will that lump sum payment put you in a difficult situation if an emergency arises? Many people pay off their property taxes and completely deplete their cash on hand, leaving them without a buffer to fall back on if an unforeseen circumstance arises. In these cases, you may end up leveraging credit cards and other high interest options to get by. Instead of completely maxing out your available funds to pay off your property tax bill, consider a home tax loan to spread the cost out and keep some cash on hand. 

Why Should I Consider a Property Tax Loan from Home Tax Solutions? 

The Home Tax Solutions team is ready to assist you with your property tax loan needs.  Our seasoned team has over 110 years of combined experience in the Texas property tax lending business beginning back in 2005. We are proud to have received numerous industry awards for our loan services, business growth, and workplace environment. We truly care about creating positive lending experiences for our clients, helping Texas homeowners stay in their homes, and offering great service for our clients because our team of knowledgeable professionals really likes doing what they do – and it shows!

When you’re ready to get started with an affordable home tax loan or you just want to learn more, we would love to hear from you. You can get started by applying online with our simple form, or you can contact us in one of our five locations serving all of Texas.