Is a Property Tax Loan For Me?
Property tax payment plans can allow Texas residential and commercial property owners to avoid accrual of significant county interest, taxes, fees, and penalties on their delinquent property taxes. Property tax payment plans are designed to provide property owners with an alternative to paying large lump-sum payments to their taxing authorities.
Without the ability to use a Tax Lien Transfer (TLT), already financially stressed property owners who are delinquent on their taxes could face up to 50% in interest and penalties from the taxing units and collection law firms – just in the first year of delinquency. The use of a TLT enables property owners to avoid the bulk of these interest and penalties, and work on paying off the delinquency through a negotiated payment arrangement.