Property Tax Loan Basics
To sell a property tax loan, you will want to understand the basics of what a property tax loan is and why they are so important to Texas residents.
Texas is known for its high property tax rates, so when it comes time to pay off property tax bills, many residents fall short. Texans who are unable to pay off their residential or commercial property taxes, become delinquent. Immediately, interest and penalty fees are tacked onto the original tax bill, increasing monthly. This makes paying off property taxes even more difficult.
Property tax loans allow Texans to quickly pay off an entire tax bill, saving their home or business. Using a property tax loan stops taxing authorities from adding any additional fees to the bill and stops any movement toward foreclosure. Johnson & Starr pays off the taxes in full, and the borrower pays the loan back on a schedule that works best for them. We understand life happens, so Johnson & Starr property tax loans are customized to fit each unique situation and can be flexible to adapt to nearly any loan requirement.
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Commercial Loans
Texas commercial property owners receive a large property tax bill each year, and at times it can be a big challenge to pay off in one lump sum. Just like any property tax bill, when a business does not pay, penalties and fees are tacked onto the original bill, and the county or other taxing authority could eventually seize the property. A commercial property tax loan will immediately stop the taxing authority from adding more to the tax bill and stop any movement toward foreclosure.
Not only is a commercial property tax loan for those who can’t afford to pay their taxes – it’s also for property owners who want to smooth their cashflow by avoiding a big, single outlay of cash. Paying off a large property tax bill can burn up working capital and disrupt cashflow. With the help of a commercial property tax loan, a business can spread out payments to ensure stable financial operations.
Residential Loans
Many Texas residents have lost homes and have been in overwhelming situations due to unpaid property taxes. When a homeowner does not pay their property taxes, penalties and fees are tacked onto the original bill, and the county or other taxing authority can eventually seize the property.
There is no need to lose a home over a property tax bill. Whether a homeowner doesn’t have enough cash, or just wants to pay their bill over time, a residential loan can help in many situations. The Texas Tax Solution broker network exists to ensure Texans find the right solution for their property tax debt and avoid losing their homes.
