Don’t Let Your Texas Property Taxes Go Unpaid

Texas property taxes are due on the January 31, but some people are not prepared to meet this expense. If they do not pay them, they will see their property tax bills grow with leaps and bounds. For failure to pay their property taxes before the due date passes, Texas homeowners receive an extra seven percent of the total added to their bill.

As Texas homeowners continue to leave their Texas property taxes unpaid, the county adds interest to the balance every month in the amount of two percent. After six months have passed and the bill still remains unpaid, the county is allowed to charge homeowners a 20 percent collection fee. Each month thereafter, the county charges interest at the rate of one percent. All in all, homeowners can see an extra 44 percent added to their Texas property taxes.

The Worst Case Scenario

The story described above is dire, but the worst has not come yet. After seven months or at the most one year of non-payment, the county begins to consider drastic measures. At this time, delinquent homeowners may become the subject of a lawsuit. After the county receives a judgment in its favor, the way will be cleared for it to sell the house in a foreclosure sale. The proceeds will go toward satisfying the homeowners’ debt.

Applying for a Property Tax Loan

People need to find a way to pay their Texas property taxes before they become past due. At Reliance Tax Loans, we strive to do just that. Qualifying for our loans is very easy. You don’t have to pay a fee to apply with us, and you will not have to pay any closing costs after you are approved for a loan. You may even be approved the very same day that you submit an application.

We understand that our clients are struggling financially at this time and that you may have a few missteps on your credit report. These will not be used to turn you down. They will also not be an excuse to charge you a very high interest rate. We will not perform a credit check, so our decisions will not be based on your past credit history.

What Is Needed to Apply for a Loan?

Beginning the application process is simple. Just call our toll-free telephone number or submit the online application. You will receive a call from a tax loan professional at your earliest convenience. Once you have decided to apply for a property tax loan, you will need to present us with the following:

• State identification card or driver’s license
• Social Security Number
• Information concerning your mortgage
• Information about your homeowner’s insurance policy
• A bank statement

Reliance Tax Loans may be able to close your loan in as little as two days after you begin the application process. You will repay your loan by making monthly payments with a term length that lasts between three and 15 years. If you are obtaining a loan for your primary residence, you can prepay this loan without incurring any penalties.