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A property tax loan involves the payment of the borrower’s tax obligation by the lender, as per terms negotiated and agreed upon. Once this is paid, the tax office declares the borrower’s account as paid in full. Do you need help paying for your property taxes? American Finance & Investment Co., Inc. (AFIC) can help you with quick funding for all your property tax needs in Texas.
Do property taxes increase?
property tax
Property owners in most counties in Texas are charged with 7% interest and penalties by the tax authorities on the 1st of February every year. This amount increases by 2% on a monthly basis until the 1st of July, resulting in a colossal 20% collection fee.
However, that is not the end of it. If there is no cap on the penalty fees, property owners who are delinquent on their property taxes can be charged with penalties of up to 44% in one year alone!
How can AFIC help?
With years of experience with residential and commercial enterprises in Texas, AFIC has formulated its property tax loan solutions to eliminate the stress and hassle that property owners undergo if they accrue penalties or interest fees when they are delinquent on their property taxes.
For more information on property tax loans and solutions in Texas, contact AFIC today!
Homepage: https://afic.co/property-tax-loans
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