An Overview of Tax Exemptions and Tax Relief in Texas
The process of buying or maintaining a home is littered with hidden costs, and property taxes are one of those unexpected costs that can be a significant burden on many homeowners. However, not everyone is required to pay their full property tax bill. Under some circumstances, you may qualify for tax assistance in the form…
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A Guide to Property Tax Deferrals in Texas
Gripped by an uncertain economy, many Texans are experiencing difficulties with debt, including delinquent property taxes. In fact, each year more than 100,000 Texans fall behind on their property taxes for at least some period of time. If property taxes go unpaid for too long though, it can put your property at risk of foreclosure.…
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How Long Can Property Taxes Go Unpaid
While it’s preferred that our taxes be paid in full every year by the January 31st deadline, sometimes hardship and life events can affect our ability to pay our property taxes on time. Below is an in-depth guide on how long property taxes can go unpaid in Texas before you face foreclosure. An Overview of Property…
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How To Stop Property Tax Foreclosure
Taxes present a significant burden on families, especially with inflation and rising costs across the Country. That burden can become overwhelming when you’ve fallen behind and face a real possibility of property tax foreclosure. Thankfully, there are a multitude of ways to stop property tax foreclosure and keep your home with your family, where it…
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A Guide to Understanding the July 1st Property Tax Penalty in Texas
In Texas, missing the January 31st deadline can lead to penalties, culminating in a significant financial hit on July 1st. In this blog, we’ll provide the details of this penalty, the reasons why it’s crucial to avoid it, and practical tips to ensure you stay ahead of your financials. What is the July 1st Property…
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The Hidden Costs of Homeownership: What New Home Buyers Need to Know
Buying a new home is an exhilarating experience, filled with dreams of decorating, landscaping, and settling into a space that’s uniquely yours. However, the excitement can sometimes overshadow the less glamorous aspects of homeownership – particularly the unexpected expenses that can catch new homeowners off guard. In honor of National Homeownership Month, we pulled together…
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What Property Tax Measures Are Available to Veterans
In honor of National Military Appreciation Month this May, Johnson & Starr is highlighting valuable property tax benefits available to veterans. Texas provides a range of special benefits for service members, veterans, and their families, including property tax relief options to alleviate financial strain. Whether you’re currently serving, have served in the past, or are…
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Your Guide to Property Tax Loans and Credit Scores
When considering a loan, most people are rightly concerned about their credit score. Defaulted payments or frequent credit checks can negatively impact your credit rating. However, property tax loans don’t normally show up on your credit report. Some property tax lenders, like Johnson & Starr, offer property tax loans to help you get your finances…
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4 Myths about Texas Property Tax Loans
Texas property tax loans are often misunderstood. As a trusted property tax lender, Johnson & Starr aims to provide you with the right knowledge to help you determine what is true and what is not. In this blog, we’ll debunk the four most common misconceptions about property tax loans and give you a better understanding…
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2023 and 2024 Texas Property Tax Penalty and Interest Chart
Don’t take overdue property taxes lightly in Texas. Paying them promptly is crucial because, beginning February 1st of each tax year, unpaid taxes are labeled delinquent and slapped with a 7% penalty. This isn’t a one-off; a 2% increase is added each month. Come July, if taxes remain unpaid, you face the year’s steepest penalty…
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