Commercial property taxes
When a Texas business fails to pay their commercial property taxes, their county can apply significant fines, interest charges, and attorney collection fees. These costs can stack up to as much as 47% of the original tax cost, which must be paid in addition to the original taxes. These additional fees can quickly accumulate, and as they do, the growing financial responsibility can become a burden that takes years to pay off.
To help your business prevent incurring these fees, we offer commercial property tax loans to pay off your business’s property taxes. These loans are available on nearly every commercial property type, including:
- Retail stores
- Strip centers
- Ground leases
- Industrial plants
- New development
A property tax loan prevents business owners from having to pay these huge sums of money. Let us take the worry of incurring these fees off your hands so you can return to business as normal. You can repay us over time, with a payment schedule that works with your finances.
Texas Property Tax Loans make the process of getting a property tax loan as simple as possible, and many happy clients say our application process was much easier than expected. We begin by collecting necessary information in a brief phone conversation, then sending the documentation to you for signature through a local notary service. Finally, we pay the taxes on
your behalf. You no longer need to worry about incurring fees, lawsuits, or fear of closing the doors on your business.
6 Steps to a Commercial Property Tax Loan
A state licensed loan office will contact you by phone to explain how the loan works. They also answer your any questions you have.
The loan officer collects information needed to complete the loan, then confirms the loan amount with your county.
We create a repayment schedule that works with your finances and a program disclosure that explains the terms in detail.
We send the loan documents to you for signature via mobile notary.
Once signed, we immediately pay your county the tax amount you owe.
Your loan enters repayment, as detailed in the agreed upon schedule.
How long does the whole process take?
Usually 1 week.
The application process is simple and does not require much paperwork. It usually only takes a week to complete the process – from you calling us, to us paying off your taxes. Sometimes less, in emergency situations.
What does it cost?
There are no upfront costs. Contacting us, applying for the loan, and receiving the loan will cost you nothing out-of- pocket. Our fees are included in your repayment schedule, and are regulated by the State of Texas.
What are the interest rates?
Interest rates on property tax loans vary. Your exact rates depend on the property, the location, your county and your business. These are details we gather in the initial conversation with a loan officer. Please note – our interest rates are regulated by the State of Texas, so even with our highest
interest rate, the amount you’ll pay is approximately 1/3 the amount you’d pay in penalties for paying your taxes late.
Do you accept bad credit?
In most cases, yes. Bad credit is typically not an issue and most Texas applicants are approved. We can approve applicants with bad credit because, as the business owner, you own the asset you are trying to protect.
If you have questions about commercial property taxes, give us a call. The call is a totally free, as mentioned, and we’re happy to provide you with all the details you need to decide if a property loan is the best option for you, or if another financing option would be more appropriate.
100% Free estimate
Please provide us with some basic information so one of our loan officers can contact you by phone. Or If you’d prefer to fill out the entire application online, we will provide you a unique estimate when we contact you by phone.