Property taxes in Texas are something property owners face every single year. They will always be there if you own a property. There are many situations that property owners can get into that prevent them from paying their property taxes on time. When property taxes go delinquent, taxing entities will start adding on penalties and interest monthly. By the end of the year an unpaid tax bill can grow by almost 47%.
Luckily, there are companies such as Ovation Lending that can help with property taxes both before they are delinquent and after they go delinquent.
Taxing entities have started mailing out property tax bills. Between now and December you should receive your property tax bill. You have until January 31st, 2021 to pay these bills in full before they go delinquent. How will you take care of yours?
Hopefully you have saved up enough to pay them but if you have not, you have options.
County Payment Plan – county tax offices offer different types of payment plans for different types of properties. You must contact the county to discuss these plans before the property taxes go delinquent.
Traditional Loan – this loan option is a more involved option. The bank is going to base the loan on credit and require lots of financial information. Also, the process to get a traditional loan could take up to a few weeks to complete.
Credit Card – this option allows you to pay your property taxes in full and repay in monthly payments but the interest rate that you will be charged will be extremely high.
Property Tax Loan – getting a property tax loan will give you a lower interest rate than a credit card and will offer repayment plans up to 10 years. Also, this is not credit based so no matter what your credit is you still have options. Another great benefit to a property tax loan is the whole process can be completed in as little as 72 hours.
Ovation Lending is committed to supporting hardworking Texans to keep their homes and commercial properties. With over 150 years of combined experience, our team has helped every property owner in every kind of situation. Most everyone is approved on the initial phone call. All it takes is a short 10 minute call. Contact one or our Licensed Loan Officers to see if a property tax loan is right for you. 877-419-7392 or click here to apply