Every year thousands of Texas property owners find themselves in the unenviable position of falling behind on their property taxes either because of a temporary financial setback or some other lack in liquid capital. Fortunately, the competitive market has stepped in to offer these property owners a way to satisfy their tax debt without having to trek through the delinquency process, whose penalties, fees, and interest can add close to 50% onto a property owner’s final tax bill after just one year.
Taxes & Spending
Eliminating the School M&O Property Tax
Texas has some of the highest property taxes in the nation. In 2014, the Tax Foundation reported that Texas had the sixth highest effective property tax rate. In 2016, more than 5,100 local tax jurisdictions levied $56.1 billion in property taxes, or $2,000 on average for every Texan—man, woman, and child. And property taxes continue...
September 1, 2018