Key Texas Property Tax Solutions FAQs

Taking Care of Delinquent Property Taxes

Sometimes, difficult circumstances make it tough to pay property taxes. The decision to delay payment might be necessary and understandable. That decision can also be quite expensive. The effective penalties on delinquent taxes can be as much as 44%. In addition to this exorbitant charge, your property can be sold at auction after a certain period of time. The costs and risks of ignoring delinquent property taxes are substantial.

Under Texas laws, there is no reason to face this potential loss or to pay those penalties. A property tax loan can solve the problem in mere hours. The advantages to using a property tax loan to pay off delinquent property taxes can’t be overstated. All it takes is a phone call and the process can be put in place in minutes.

How Property Tax Loans Work

Once you apply for a property tax loan, we process all the paperwork and verify the tax situation. Once documents are signed, and the mandated three days have passed, we pay off all delinquent loans. The taxing authority removes its lien, and it is replaced with our lien. It is that simple, we handle everything. You simply start your monthly payments after the problem has been solved.

Where Do You Get a Property Tax Loan?

There are several firms licensed to provide property tax loans. One of the most respected of those firms is Reliance Tax Loans. A commitment to stellar customer service and our Lowest Price Guarantee make Reliance the choice of thousands of Texans.

Before you choose Reliance as the best option among property tax solutions, you probably have a few questions. A few of the questions people ask most often are discussed below.

Q: Do I need good credit to qualify? How long is the approval process?

A: No, your property is the collateral. With adequate equity, you can be approved in minutes on your first phone call.

Q: What does it cost to apply?

A: There are no application fees.

Q: Does this stop a tax auction on my property?

A: We pay off the taxes in days. This stops all action by the taxing authority

Q: Why is this better than working out a payment plan with my local tax authority?

A: Sometimes you can work that out. Check with your tax authority and ask about their flexibility.

Q: What happens to my property after you make a loan to pay the taxes?

A: A lien is filed that replaces the lien the tax authority files when taxes become delinquent.

Q: What are the prepayment penalties?

A: There are no prepayment penalties

Q: Is this good only for residential property?

A: No, we also handle delinquent taxes on commercial properties

Q: What if I change my mind?

A: You have 3 days under Federal laws to change your mind. Remember, there are no prepayment penalties.

You can visit our website for more information at https://www.reliancetaxloans.com/faq. Or, you can call, and one of our staff will be happy to answer any questions you may have.