What Are Property Tax Deferrals?
If you’re a Texas homeowner, chances are you’re familiar with property taxes, but what is a property tax deferral, and who qualifies? A property tax deferral allows you to put off paying your property taxes for a certain period. It’s important to note that a property tax deferral does not mean you’ll never have to…
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How to Protest Your Property Tax in Texas
Like many Texas homeowners this year, you may have been caught off-guard by the increase in property taxes. With these increases being as much as 10%, many Texans are looking for ways to help lower their costs. Protesting your property tax is an important option to explore and can save you several hundred to several…
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A Brief History of the Texas Property Tax
Property tax is the annual amount paid by property owners based on the value of their residential property or business. In Texas, the property tax is used locally to help pay for schools, streets, roads, police, fire protection, and many other services. Since Texas uses these property taxes to fund local communities, the state itself…
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Paying Taxes on an Inherited Property in Texas
Inheriting a property can be a complicated and overwhelming process, especially if there are taxes owed on the home. From federal estate taxes to property taxes—there are different laws and tax exemptions depending on the state. Here is a quick guide to help you navigate paying taxes on an inherited property in Texas: Capital gains…
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Critical Dates for Filing Property Tax in Texas
If you own a home or commercial property in Texas, it is essential to stay up to date when paying your property tax bill. Texas has some of the highest property taxes in the nation, making it easy to fall behind on payments. If you miss your property tax bill payment, you will be subject…
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How the May 2022 Election in Texas May Affect Property Taxes
On May 7, 2022, voters in Texas will decide whether to lower some property taxes that fund schools in a special election. Property taxes are collected on residential and commercial properties to help fund cities, counties, school districts, and special districts. Because Texas does not tax on income, Texans are charged higher property tax rates…
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Why is My Property Tax Bill Higher this Year?
Were you caught off-guard by a higher Texas property tax bill this year? Whether you pay your property taxes directly or you have an escrow account set up with your mortgage, property tax increases can be an expensive surprise. But what makes your property taxes increase? Here are a few of the most common reasons.…
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What to Look for in a Property Tax Lender
Getting a property tax loan in Texas can be a simple process completed in just a few days–if you’re working with the right lender. Property tax loans are different than many loan products on the market. Home mortgage loans, for example, require endless requests for documents, numerous inspections and appraisals, and long wait times for…
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Options for Paying Your Property Taxes
So, you have received a property tax bill or notice that you are delinquent on paying your property taxes. Now what? If you’re like most people, you don’t have thousands of dollars in the bank to simply make a payment. An expensive bill and the stress of impending late charges and interest fees can be…
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Understanding the Texas State Property Tax Process
There are many great benefits of living in Texas, including no state income tax. However, Texas is known for having some of the highest property taxes in the country. Property taxes are collected on residential and commercial properties to help fund cities, counties, school districts, and special districts. There are several steps along the way…
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