DALLAS, June 23, 2021 / PRNewswire / – Texas Real Estate Tax Loan Assistance Texas Homeowners and business owners pay their tax liabilities over a period of time rather than in an onerous lump sum payment.
Given the challenges of the past year, many Texas families and businesses find it difficult to pay property tax bills. Although property taxes vary by county, on average, Texas Property tax rates are more than 50 percent higher than the national average. For example, Texas the house is estimated at USD 250,000 will charge an annual tax bill of about USD 4200… The average property tax bill for the same home elsewhere in the country is about USD 2600…
While paying property taxes is often difficult, it is very important. Property tax invoices are sent around November and are due immediately; however, there is a grace period giving taxpayers until the end of January to pay the bill. Homeowners who delay paying taxes face serious repercussions – for example, paying property taxes even days after the due date can result in a six percent penalty and a one percent change in interest rates. These fees can increase over time and quickly become unmanageable. Unpaid tax bills can also lead to the government seizing a home or business.
The new company aims to help home and business owners develop a manageable plan to meet their tax obligations. The company offers residential property tax loans that provide a low interest rate that remains fixed for the life of the loan. Once the homeowner is eligible for the loan and signs the required paperwork, the Texas property tax loan specialists will immediately pay the full property tax due.
Residential Property Tax Loans also offer flexibility and customization that is not available at a county tax inspector’s office. Homeowners can design a loan product tailored to their unique needs. In addition, the low interest payments on a residential property tax loan can be easily offset by savings by avoiding penalties and interest.
Anyone who is late with real estate tax payments or fears that they will not be able to make payment this year should consider getting a real estate tax loan. This can save thousands of dollars and may even prevent the government from seizing property. Texas Property Tax Loan Pros plans to open its doors in September and has a new website under development at: https://www.propertytaxloanpros.com/…
SOURCE Texas Real Estate Tax Loan