Few things are uncontrollable no matter how well you plan. When it comes to property taxes, sometimes it may be difficult for property owners to pay the huge tax amount. Navigating the property tax world can be a little confusing especially for one who wants to understand the property tax loan process. But the benefit for Texans is that they have the option of using a property tax lender, such as Ovation Lending. 

Let’s see what it takes to get a property tax loan:

Eligibility Criteria for a Residential Property Tax Loan
  • Total penalties and taxes must exceed $1,200
  • The total property value must be over $50,000
  • The Owner must be under 65 years old
  • Signor must be titled on the property
  • The owner cannot be in bankruptcy
  • The property must be in Texas
Eligibility Criteria for a Commercial Property tax loan:
  • Total penalties and taxes must exceed $1,200
  • The total property value must be over $50,000
  • Legal documentation for the borrowing entity (articles of incorporation, partnership agreements, etc.)
  • The owner cannot be in bankruptcy
  • The property must be in Texas

Before applying for a loan to pay commercial or residential property tax in Texas, it’s necessary to do your research and ensure that you are partnering with a trustworthy and reputable loan provider. The outcomes of delinquent property taxes are severe, and your lender must act quickly to pay your outstanding taxes, interest, and penalties to prevent further costs or property tax foreclosure.

The best property tax loan provider, such as Ovation Lending, will explain the process and give you the best property tax loan option to fit your budget. We offer competitive rates with no up front costs. As one of the most established tax lenders in Texas, we will help you navigate your property tax situation. 

To get immediate assistance about property taxes and avoid property tax foreclosure, Contact Us Today. Talk to Our Team for best professional Property Tax Solutions in Texas.

Tagged: Property Tax Delinquency, Property tax lenders, property tax loans, texas property tax