Find out what municipality tax revenue is, why local governments need it, and how Tax Ease can help you contribute by providing property tax loans.

Posted by & filed under Municipal Tax Revenue.

You probably drive on your town’s paved streets, walk your dog in the neighborhood park, find safety in knowing you can call the local police, and send your children to public schools. Most of us take these activities for granted, but they might not exist without municipality tax revenue. These are the funds collected by local governments through a variety of means. Through municipality tax revenue, residents chip in for the functioning of their communities, providing a portion of their assets so they can enjoy public services, facilities, and more. While it varies from city to city, a significant segment of municipality tax revenue typically comes from property taxes. At Tax Ease, we’ve helped our clientele cover millions of dollars’ worth of property taxes over the past twelve years, so we understand why these fees are important. Read on to learn more about municipality tax revenue, what it is, and why local governments need it.

What is Municipality Tax Revenue?

On a basic level, municipality tax revenue is the tax income allocated for local governments and services. The state designates the borders and jurisdictions of municipalities, which could be towns, cities, or villages, depending on the region. Each district has its own breakdown of dues, depending on state laws and local policies. The Tax Policy Center: A Joint Project of the Urban Institute & Brookings Institution explains: “local governments collected general revenues totaling over $1.4 trillion in 2010.” Based on the data the organization collected for that year, municipality tax revenue is divided as follows:

  • 38 percent: inter-governmental transfers, which are reserves moved from one sector of the government to another. In the case of municipality tax revenue, this refers to capital provided by the federal or state government to cities.
  • 30 percent: property taxes. For many decades, these fees have funded municipalities. Free From Broke notes: “both municipalities and counties rely primarily on real estate tax revenues to support their operations.” Property taxes may account for 30 percent directly, but much more in actuality—“in many jurisdictions, one government agency may collect the tax under a single bill, then apportion the funds based on a predetermined formula. You may pay your taxes to your municipality who later forwards the required portion to your county.” There are a number of possible configurations, but property tax figures heavily in most of them. The Tax Policy Center elaborates: “property taxes constituted the largest source of local governments’ own revenue in 2010, totaling $430 billion.”
  • 23 percent: charges and miscellaneous receipts. This includes various types of licensing, registration fees, and other municipal receipts.
  • 6 percent: sales and gross receipts taxes. These are taxes levied on goods and services.
  • 2 percent: individual income tax. This revenue comes from state income tax.
  • 2 percent: other taxes.

Why Local Governments Need It

Simply put, local governments could not function fiscally without municipal tax revenue. This capital serves as the backbone of American towns. Federal and state initiatives support some aspects of local government, but municipal tax revenue is the primary factor. In your local community, it most likely helps to pay for:

  • Public schools
  • Roads, bridges, dams, and other infrastructure
  • Public libraries
  • Parks, beaches, and other outdoor recreational areas
  • Public safety services, including police and fire departments personnel and supplies
  • Maintenance of and repairs for public spaces
  • Local government services, facilities, and officials’ salaries

Depending on your municipality’s particular needs and preferences, this capital could also cover a number of other expenses.

How We Can Help

Municipality tax revenue is no doubt important, but paying your much-needed property taxes on time can be difficult. The Tax Ease team can help you avoid hefty penalties, keep your home or business real estate, and contribute to your local community by providing residential and commercial property tax loans.

Find Out More From Tax Ease

Would you like to learn more about municipality tax revenue? Are you in need of a property tax loan? Contact Tax Ease today to find out more or get a free quote.

The Tax Ease team describes the history of property taxes, from their ancient origins to the American Revolution, and explains how we can help with yours.

Posted by & filed under Commercial Property Tax, Residential Property Tax.

If you own residential or commercial real estate, you know you have to pay your property taxes every year. Of course you have to pay the bill you receive every November, but what’s the background of this practice? Where do property taxes come from? The Tax Ease team has been helping home and business owners pay these fees since 2003, so we understand the ins and outs of property taxes quite well. We’ve helped our clients cover literally hundreds of millions of dollars’ worth of these potentially burdensome bills. If you’re struggling with property taxes, you’re definitely not alone—people have been dealing with these fees for centuries. Learning more about their origins can help you better understand and take charge of them so you can avoid penalties, maximize your cash flow, and keep your home or company thriving. Read on to discover more about the history of property taxes.

Taxation of Yore

The property tax system—having landowners provide a portion of their assets to support the functioning of the community—has existed for millennia. In his paper “A Brief History of Property Taxes,” (presented in 2004 at the International Association of Assessing Officers’ conference) Richard Henry Carlson explains: “the earliest known tax records, dating from approximately six thousand years B.C., are in the form of clay tablets…Property taxes were used in Egypt, Babylon, Persia, and China and throughout the ancient world.” When compared to income, property, goods, services, sales, and other fees, property taxes are some of the most fundamental.

Carlson goes into greater detail on Ancient Egyptian property taxes: “[they] were levied against the value of grain, cattle, oil, beer, and land…The most common taxpayers were the farmers, from whom assessors coerced collection.” Even archaic taxpayers weren’t always keen on the idea of giving up a segment of their assets! While Ancient Egyptians didn’t always enjoy giving up ten percent of their property, the importance of property taxes in couldn’t be overstated. Carlson notes: “There were tombs and monuments for [tax] assessors in Egypt and Syria that rivaled those of some kings,” so great were their contributions to their civilizations.

Medieval Money Matters

Property taxation became codified in the Middle Ages. In the feudal system, “the average peasant paid one tenth (a tithe) of the value of crops to the lord who then passed on a percentage to the king.” William the Conqueror formalized this procedure by having each town keep “cadastral records of everyone who owned property,” noting its approximate value for taxation. Perhaps indicating the people’s distaste for property taxes, “this book was called the Doomsday Book, and the name lasted for hundreds of years.”

The next medieval tax development came with another important document—“in 1215, King John was forced to sign the Magna Carta, which limited the king’s power to raise revenues” and required nobles’ consent for taxation. This did not mean, however, that the property tax disappeared. Only churches and the extremely poor were exempt from personal property taxes, but people did everything they could to circumvent these fees, shuffling around their assets to avoid assessment. Still, property taxes were a key fundraising technique to keep medieval society functioning.

Colonial Issues

As any student of early American history may remember, taxes were a major concern in the colonial era. One of the major conflicts between Great Britain and the colonies was the king’s attempt to tax settlers without giving them representation in parliament. However, property taxes were generally much more accepted, especially since they largely funded local governments and communities. The Pilgrims “formed a pact that bound them to a set of laws, among them the creation of taxes and assessments….in Boston, the Puritans implemented property taxes to pay for the church and the religious education of their children.” These fees were compulsory, and colonial settlements typically created relatively advanced assessment methods to keep their towns running. Carlson notes: “the Southern colonies…opted for a greater focus on poll taxes [fees levied on each adult male, regardless of income, so named because one could not vote without paying the poll tax]” because “property taxes were not in the interest of the wealthy classes who owned large estates.”

Establishing American Property Taxes

Property taxes were key in allowing the colonies to achieve their independence from Britain. In his Economic History Association article, “History of Property Taxes in the United States,” Glenn. W. Fisher writes: “When the Revolutionary War began, the colonies had well-developed tax systems that made a war against the world’s leading military power thinkable.” However, creating a workable American property tax system was quite the challenge for this fledgling nation. Arguments erupted about how to calculate these fees and how taxation fit in with American values of independence, freedom, and equality. Eventually, each of the new states decided to determine its property tax rates and means for itself, and this remains an ever-evolving process.

Are You Struggling with Property Taxes?

From the Doomsday Book to the American Revolution, property taxes have been a pivotal but at times troublesome aspect of our history. If you’re having difficulty paying your fees this year, Tax Ease can help by providing a property tax loan. Contact us today to learn more about our services or get a free quote.

Does your property tax bill change from year to year? The Taxease team explains why these fees tend to fluctuate and how we can help you handle them.

Posted by & filed under Commercial Property Tax, Residential Property Tax.

If you own a home, business location, or another piece of real estate, you should be receiving your property tax bill sometime this month. Most likely, it won’t be for the same amount as you paid in 2014. Your statement may even be dramatically different from year to year. These variations can make property taxes confusing and difficult to navigate for many homeowners and businesspeople. Over the past 12 years, the Taxease team has helped countless clients pay hundreds of millions of dollars in property taxes, so we know firsthand how much rates can change in just 365 short days. The more you know about these fees, the better you can manage them. In the following blog, we explain why property taxes fluctuate and how Taxease can help you stay stable in a mercurial market.

Property Taxes Are Bigger In Texas

If you compare notes with friends or family members that live in other states, you’ll discover that Texas has some of the highest property taxes in the nation. Chron reports: “According to WalletHub, a personal finance website, Texans this year are paying an average of $3,327 in real estate taxes. It’s the fifth highest amount in the United States and 59 percent higher than the average American household’s real estate property tax bill of $2,089.” Why are our fees so steep? While a variety of variables contribute to property taxes, ours are probably particularly high because “Texas has no state income tax and no property tax on vehicles.” Our counties have to levy heftier property taxes in order to keep local governments, public schools, and important infrastructure intact.

Regional Differences

Even within our great state, property taxes can fluctuate between areas, counties, and even neighborhoods. The following regional differences could lead to disparate dues:

  • Home improvements. How Stuff Works explains: “real estate property taxes are often based on a percentage of the market value of your property. Market value can oscillate based on the area around you. If your neighbors all renovate their homes, the market value for the area goes up, but then so do your real estate property taxes, even though you didn’t do anything.” It may seem odd, but if the family across the street puts in a pool, your property taxes could be on their way up because your neighborhood is more valuable.
  • The demands of local government. As noted above, property taxes primarily fund public services in your municipality. If having outstanding schools or pristine parks is especially important to your community, you could pay higher property taxes to support these.
  • Whether or not you and your fellows protest your property taxes. A key factor in fluctuation is whether or not you fight your fees. As Houston real estate Sandra Billings explains on a Zillow forum: “Most people protest their taxes yearly. This is why you can have so much variance between similar homes in one neighborhood from year to year.” If you feel your dues are too high and are willing to make your case to the county, you may be able to secure a lower property tax bill.

Appraisals and Assessments

To better grasp why they fluctuate so much, it may be helpful to understand how property taxes are calculated. There are variations between different counties and towns, of course, but the basic principle is the same: your property tax depends on the estimated value of your real estate holdings.

In his article “How Real Estate Property Taxes Work,” John Barrymore describes the process: “Just as a country has borders and a city has limits, property is divided into assessment areas or assessment units…A property tax assessment is the market value of a property. A tax assessor—an elected or appointed official—assesses the value of every table property in that assessment area….by comparing the market value of similar properties.” Generally, the worth of your parcel of land will be determined by what similar properties recently appraised or sold for.

Based on this technique, Giraffe Realty provides an easy three-step approach Texas homeowners can use to predict their property taxes: “1. Start with the appraised value of the home posted on the county’s property appraisals website. 2 Deduct any exemptions that you may qualify [for]. 3. Multiply the appraised value by the tax rate in your area.” This method can allow you to estimate your property taxes so you can foresee fluctuations and plan accordingly.

Are You Struggling to Pay Your Property Tax?

Especially since they alter on an annual basis, property taxes can be challenging to pay. If you were blindsided by your bill or simply want to avoid tying up all your capital in these fees, we can help. A property tax loan from Taxease can help you pay your statements, avoid penalties, keep your home, and maximize your cash flow. Contact us today to find out more or get a free quote.

Property taxes are one of the most disliked duties. As a top Texas property tax lender, we explain why you pay these fees and how we can help.

Posted by & filed under Residential Property Tax.

If you own a home, business location, or another piece of real estate, you’ve probably wondered why exactly you have to pay property taxes, especially when your bill comes every November. Feeling frustrated about these fees certainly isn’t uncommon—in his Reading Eagle Business Weekly piece on the topic, Michael L. Young explains: “according to the Tax Foundation and other sources, the most hated tax in America is actually the local property tax.” People despise these duties for several practical reasons—they’re a pain to assess and collect, they end up getting raised regularly because property values “‘grow’ with the economy slowly,” and they’re “generally regressive, which makes them unfair” for those with lower incomes.

In addition to these concerns, one of the primary reasons people dislike property taxes is because they just don’t understand them. Over the past 12 years, Taxease has provided millions in property tax loans to help businesses and homeowners survive and thrive, so we know these fees well. In the following blog, we explain why you pay property taxes and how our experienced team can help you better manage them.

The Philosophy of Property Tax

You probably already understand the basic reasoning behind taxes: you pay your local, state, and federal governments specific fees to provide for the public services and amenities they provide. As the University of South Carolina’s Institute for Public Service and Policy Research points out, property tax is “the only major tax common to all 50 states in the U.S.” and “the oldest tax levied in the U.S.” Taxes on income and purchases can generate important revenue for the government, but property remains one of the most fundamental ways to fund the state’s activities.

Property taxes technically could encompass all of a person’s tangible assets and intangible holdings such as “stocks…bonds, and bank accounts.” However, the Institute explains: “over the past 30 years, the trend has been to shift away from personal property and toward real property for tax purposes,” since real estate appraisals are generally much more accurate than citizens’ assessments of their own personal property values. Many Americans have the majority of their net worth tied up in their real estate holdings, so property is an important (if irritating) source of taxation.

What Do Your Property Taxes Pay For?

Taxes can be quite complicated in the United States, so it can be difficult to determine exactly where your money is going. To make your costs clearer, Free From Broke breaks down what property taxes cover. When you pay your annual property tax bill, you’re typically contributing to:

  • Your local public schools: “This is the largest single line item in nearly any property tax bill…In fact, it’s usually greater than 50 percent, and much higher still in areas with large student with large student populations or a strong local commitment to providing a premium education.” If you want your kids or children in your area to be well educated, your real estate will pay for it—although the “federal government, state government, [and] fund raising efforts” contribute to funding, “the largest source is generally from property taxes.”
  • “Police, public safety, and libraries” and “fire protection,” which most residents would agree are quite important. These services are usually well-worth their costs—for example, “a strong police presence can often have a positive influence on property values.”
  • Basic maintenance of your community. The roads you drive on, parks you jog through, sewage systems you rely on, and more could be covered by property taxes.
  • While not a major portion of your property tax allocation, these fees do help to pay your government and municipal administrators, as well as keeping up the facilities for them.

What Happens If You Don’t Pay?

Some people disagree with the current configuration of property taxes and most of us would rather pocket those thousands of dollars rather than sending them to the state. However, if you fail to pay:

  • You will begin to accrue hefty compound penalties that could cost you much more in the long-term.
  • Your local government can put a lien against your property until you settle your accounts.
  • You could lose your home or business property.

Dealing with delinquent property tax accounts can be quite the dilemma, so it’s better to handle these expenses before they become a much bigger issue.

Do You Need a Property Tax Loan?

If you need assistance paying your property taxes, we can help you afford them with our efficient and effective property tax loans. Contact Taxease today to get a free quote or start the application process to finance your fees.

The penalties for delinquent property tax accounts can quickly spiral out of control. A property tax loan from Tax Ease can help you avoid these fees.

Posted by & filed under Property Tax Penalty Notices.

According to WalletHub’s 2015 report on the “States with the Highest and Lowest Property Taxes,” Texas has the fifth highest real estate taxes in the nation. This can make life difficult for homeowners and businesses when the deadline rolls around. Wallet Hub estimates that the average Texan taxpayer will owe $3,327 in real estate tariffs this year, but this amount could be thousands higher, depending on your property value. Unfortunately, if you fail to pay your property taxes, they’ll become exponentially steeper. The fines for missing or late payments could put your household or company in a true financial bind, especially since they continue to stack up with every passing month left unpaid. At Tax Ease, we offer property tax loans to help our clients avoid these costs, maximize their cash flow, and keep their homes or businesses. In the following blog, we explain the penalties for delinquent property tax accounts and describe how you can avoid these expenses.

What Are The Penalties?

In most cases, your property tax bills should become available in November. If you fail to pay your property taxes for the prior year by January 31, the government will begin levying penalties against you on February 1. Even if you qualify for quarterly payments (if you are exempt for disability or over the age of 65), you will need to pay at least 25 percent of your fees by February 1 or face fines. From this point forward, property tax penalties tend to snowball. According to the Travis County Tax Office and the Texas Property Tax Code, they accrue as such—if unpaid by:

  • February, you’ll owe a 6 percent penalty plus 1 percent interest (7 percent total).
  • March, 7 percent penalty, 2 percent interest (9 percent total).
  • April, 8 percent penalty, 3 percent interest (11 percent total).
  • May, 9 percent penalty, 4 percent interest (13 percent total).
  • June, 10 percent penalty, 5 percent interest (15 percent total).
  • July, 12 percent penalty, 6 percent interest (18 percent total).
  • August, 12 percent penalty, 7 percent interest (19 percent total).
  • September, 12 percent penalty, 8 percent interest (20 percent total).
  • October, 12 percent penalty, 9 percent interest (21 percent total).
  • November, 12 percent penalty, 10 percent interest (22 percent total).
  • December, 12 percent penalty, 11 percent interest (23 percent total).
  • January, 12 percent penalty, 12 percent interest (24 percent total).

While the penalty fee tops out at 12 percent, the interest keeps increasing by 1 percent each successive month. Given the potentially catastrophic effects of compound interest, you could end up owing a cumulative 42 percent on your property by July 1 and 47 percent by January 1.

You Could Face Foreclosure

Property tax penalties can be overwhelming, but if you don’t pay them, you could lose your home or business location. NOLO explains: “If you don’t pay your real [estate] property taxes in Texas, the overdue amount (including interest and penalties) becomes a lien on your home.” This means that, until you pay this amount off, your property technically belongs to the state. NOLO notes: “the taxing authority may start a foreclosure in court…at any time after the property tax becomes delinquent.” This means foreclosure proceedings could begin on your property as early as February 2.

If you can’t pay your taxes, penalties, and interest, the state could sell it in a foreclosure sale or, that failing, “strike it off” to the county to be sold at another time. To keep your home or business afloat, “you can ‘cure’ the delinquency by paying off the amount of the judgment at any time prior to the sale.” If your home is foreclosed upon and sold, you typically have two years to “buy back or ‘redeem’” it by reimbursing the new owner for the amount he or she paid and shelling out even more for other penalties. In short, if you don’t pay your property taxes, things could get very complicated (and expensive).

Tax Ease Can Lift the Burden of Property Tax Penalties

Are you struggling with property tax penalties? Tax Ease can help solve this problem by providing a property tax loan. We’ll cover your fees so you don’t have to worry about ever-increasing penalties. Tax Ease offers competitive interest rates, requires no out-of-pocket costs, provides flexible terms, and allows you to pay off your debts in manageable monthly installments.

Don’t Pay the Penalty for Delinquent Property Taxes

Don’t drown in property tax penalties. Contact Tax Ease today to find out more or begin our easy, efficient application process.

Are you struggling to free up your finances for hefty fees? Find out more about how Tax Ease can help you cover your commercial property taxes.

Posted by & filed under Commercial Property Tax.

Businesses need facilities to operate, but these important pieces of real estate often come with substantial property taxes. Of course, these irksome fees aren’t the only expenses companies have to cover. You’ve also got to stock your inventory, pay your employees, and stay current with your mortgage, all of which can be especially challenging in today’s economy. Unfortunately, being delinquent on these trying tariffs is a dwindling spiral—if you’re late on your commercial property taxes, you could end up paying penalties of up to 40 percent. If you simply don’t have the cash to pay your fees or know it wouldn’t be the wisest investment for your venture, you could be facing quite the conundrum. At Tax Ease, we offer property tax lending services to help businesses in this position. In the following blog, we explain what you can do if you can’t free capital for your commercial property taxes.

What is Property Tax Lending?

Many people never realize they could benefit from property tax lending because they don’t know what it is or that it even exists. This program actually has quite a long history—it was created over 80 years ago during the Great Depression and it’s become popular again over the past decade. Essentially, property tax lending is the process of transferring the lien on your property to another individual or organization. This means that the lender technically holds the property until the loan amount (plus interest) is paid back. As compared with other states, which require owners to handle this process through their county governments, Texas homeowners and commercial property possessors have many more options as to financing their property taxes.

How It Works

If you’re wondering how in the world you could afford your commercial property taxes, we can help. We’ve helped thousands of clients pay millions of dollars in fees over the past 12 years. Texas residents and commercial property owners often choose Tax Ease for their property tax lending needs due to our extensive experience and flexible, in-house financing.

We work to make the property tax loan application process as simple and easy as possible. All you have to do is submit your information (your mortgage statement and proof of income) either over the phone or through our website, which typically takes about 15 minutes. In just about five days, we should be able to approve your loan (we can help you even if you have poor credit or a prior bankruptcy). Once your paperwork has been processed, we will pay your commercial property taxes in about three days (the mandatory “rescission” waiting period).

From this point forward, you’ll pay off a portion of your loan every month until you’ve returned the full amount (plus interest). You can spread your payments out over a period of up to ten years. You will choose the date of your monthly payment and are welcome to prepay your loan if you would like.

Advantages of Commercial Property Tax Lending

Savvy business owners and corporate managers utilize commercial property tax lending when they need it because this service can:

  • Get them the money they need quickly and effectively with no upfront costs
  • Save them the time, hassle, and expense of penalties, keeping them in good standing with the government
  • Allow them to keep their facilities and businesses running smoothly
  • Free up capital for other enterprises, investments, or programs
  • Optimize their cash flow
  • Be adjusted to suit their needs and preferences, especially with our entirely in-house processing

If you’re struggling to free up the funds for your fees, Tax Ease could help you pay your bills—and more.

Get the Capital You Need

Are you feeling overburdened by commercial property taxes? Does your company need more capital to stay in business? To find out more about property tax lending or get a free quote, contact Tax Ease today.

Residential and commercial property taxes can constrain your cash flow. Learn how Tax Ease can help you free up your finances.

Posted by & filed under Commercial Property Tax, Residential Property Tax.

As the famous saying goes: “money makes the world go ‘round.” Companies and individuals alike need capital to pay their bills and keep their daily operations going. As the Houston Chronicle’s Small Business section explains: “Cash flow is a measure of the money coming into your business in the form of profits and the money going out in bills and other debt obligations. Maximizing your [cash flow] allows your company to receive profits faster, complete projects in shorter time frames, and lower total operating costs.” In short, having available liquid currency to use is in some ways much more valuable than possessing other types of assets. This holds true whether you’re running a business or a household.

In both cases, dealing with property taxes can seriously constrain your cash flow. Even if you can afford to pay them, your money might be better focused elsewhere in the short-term. At Tax Ease, we provide residential and commercial property tax loans to lift this burden and let you better control your capital. Read on to learn how property tax lending can help you maximize your cash flow.

Tied Up In Texas Taxes

In the absence of vehicle property tax and state income tax, Texas’ property taxes are particularly pricey. According to the Houston Chronicle, Texans pay “the fifth highest amount in the United States and 59 percent higher than the average American household’s real estate property tax.” Our fees are some of the worst in the region: “Texas is the only southern state among the 10 with the highest real estate taxes,” according to the WalletHub study the Chronicle cites.

What if you can’t afford to pay these cumbersome fees? After all, other important expenses—rent, food, insurance, etc.—could tie up all of your available cash flow, leaving you seemingly without options. Unfortunately, becoming delinquent with your dues can only make matters worse, since the state can levy up to 40 percent in penalties for unpaid taxes. As such, struggling to come up with the cash for even just one year of property taxes could ultimately bury you under a mountain of debt.

Freeing Up Your Flow

If hefty property taxes are hampering your cash flow, a loan from Tax Ease may be the simple solution you need. The Texas Office of Consumer Credit Commissioner (the organization that Tax Ease holds a license from) defines “a property tax lender” as “a person who engages in the business of making, transacting, or negotiating property tax loans…These lenders facilitates loans to property owners to pay off property taxes when the property owner can’t pay. Property tax lenders will make loans against delinquent property taxes.”

Tax Ease can use this certified capability to restore your cash flow. If you have unpaid or late property taxes, we can loan you the money you need. You can then simply pay off this amount (plus interest) in manageable monthly installments, releasing your cash flow from the shackles of taxes. Our application process is quick (it takes about 15 minutes total) and easy (you can submit your data either over the phone or online). You won’t have to pay any out of pocket costs and can finance your fees over a period of up to ten years. By breaking up your payments, you can improve and make the most of your existing cash flow.

Other Ways to Maximize Your Money

Once you’ve used property tax lending to free up your capital, you can keep your cash flow flowing by:

  • Creating a detailed financial plan for yourself or your business so you know where your money needs to go and what to save for. Simply knowing how much cash you’re bringing in and spending out can help you control it.
  • Setting aside savings. Putting a portion of your income into a reserve account could give you a healthy nest egg to work with for investment purposes or to cover unforeseen expenses.
  • Trying to reduce your spending. For an individual, this might mean eating out less, while for a business, this could involve reducing overhead.
  • Looking for ways to boost your income or profits. Obviously, bringing in more cash would help you keep your capital available for circulation.

Contact Tax Ease Today

Now that you understand how property tax lending can maximize your cash flow, are you ready to take advantage of this opportunity? Contact Tax Ease today to learn more or submit your application.

Why do our commercial and residential clients choose property tax lending? Read on to learn the top five reasons people utilize Tax Ease’s service.

Posted by & filed under Commercial Property Tax, Residential Property Tax.

You may have heard of property tax lending, but what is it and how could it benefit you? At Tax Ease, we’ve dedicated the past 12 years to helping homeowners and businesses survive and thrive with this program. Basically, if you are late on or unable to pay your property taxes, we can help cover your costs. You won’t have to worry about any out-of-pocket expenses and can pay off your loan in affordable monthly installments. For our satisfied customers, the advantages of our service are obvious. Of course, each of our residential and commercial partners has a unique story, but they all agree on the benefits of our assistance. In the following blog, we break down the top five reasons our clients choose property tax lending.

1. To keep their homes and businesses.

Overdue property taxes could cost you your family home or your business’s headquarters, but they aren’t always easy to pay. These types of tariffs are especially troublesome in Texas. Sofia Sokolove puts it simply in her Culture Map Austin article “Property taxes in Texas are higher than almost anywhere in the U.S.” She writes: “Everything is bigger in Texas—including taxes.” Sokolove cites a 2015 WalletHub study, which found: “Texans pay an average of $3,327 per year in property taxes, which is $1,238 higher than the national average of $2,089.” If you’re unable to handle the high cost of Texas taxes, you could face foreclosure. Tax Ease helps our clients maintain their facilities and hold on to their beloved houses.

2. To improve their cash flow.

Even if you’re technically able to afford your property taxes, paying your dues could seriously strangle your finances. Strategic businesspeople and homeowners understand the value of freeing up cash flow for other things. Whether it’s providing a beautiful Christmas for your family or stocking your company’s inventory, a property tax loan could help you pay for what’s important.

3. To avoid hefty tax penalty fees.

When it comes to fees, the only thing harder on your bank account than paying your property taxes is not paying them. The government levies large penalties against homeowners and businesses that can’t afford to pay. Tax Ease will handle your expenses so you don’t face mounting fees. You can remain in good standing on your property and keep your wallet intact.

4. To maximize the return-on-investment (ROI) for their resources.

If you’re a savvy entrepreneur, you understand that some ventures are more valuable than others. Taking a close look at your capital might reveal that you can achieve a greater ROI by spreading out your property taxes into small segments so you can finance expanding enterprises. For some homeowners and corporate finance managers, property tax lending is a careful, calculated move. If you’ve got bigger fish to fry with your finances, our service could help you make more money in the long-term.

5. To enjoy the benefits of our excellent service.

At Tax Ease, we do everything we can to make the property tax lending experience easy, efficient, and enjoyable for our clients. Our company

  • Holds a license from the Office of Consumer Credit Commission
  • Allows prospective clients to apply in just 15 minutes
  • Processes most applications within five business days (we approve most applications in a single day) and pays off taxes in just three days
  • Requires no upfront expenses or application fees
  • Offers flexible terms (up to ten years)
  • Works with clients to make repayment as simple as possible
  • Handles all loans in-house
  • Has a long history of successful property lending, with many millions paid out

Our clients love partnering with us for all of the above reasons and more. Based in Houston and Dallas, we’re one of the leading property tax lenders in America.

Is Property Tax Lending Right For You?

Do you have residential or commercial property taxes to pay? There are many reasons to take advantage of our service. To learn more about property tax lending or submit your application for approval, contact Tax Ease today.

The history of property tax lending goes back for decades. Learn more about the story of this helpful system and find out how you can take advantage of it.

Posted by & filed under Commercial Property Tax, Residential Property Tax.

Paying your property taxes can be draining or even downright impossible, especially in a state like Texas. According to Chron: “While Texas has no state income tax and no property tax on vehicles, its residents pay one of the nation’s highest rates when it comes to taxes on real estate.” A multi-thousand dollar property tax bill could seriously restrain your capital or, even worse, potentially cost you your home or business. The Tax Ease team helps clients avoid the fees, penalties, and heartbreak associated with unpaid property taxes. We conduct every step of the loan process in-house to make your experience as efficient and easy as possible. Since it’s become increasingly popular in recent years, property tax lending may seem like a new idea. However, this practice has actually existed for decades in Texas. Read on to learn more about the history of property tax lending and find out more about how Tax Ease’s services could benefit you.

Property Tax Lending in the Great Depression

The early 1930s were a dark time for the United States. The stock market collapsed in the fall of 1929, setting in motion a cascade of unfortunate economic events. The American Gross Domestic Product plummeted, income dropped, and factories failed. By 1933, a quarter of the United States population was unemployed, making it difficult for families to put food on the table.

In these trying times, people simply weren’t able to afford their property taxes. According to a report from the Texas House Committee on Business and Industry, only about one-third of Texas residents paid their taxes in 1933. The state’s solution to this problem was to authorize property tax lending. Basically, the bill “gave the property tax lender the same superior lien as the governments held,” allowing them to technically control the property until the loan and interest had been paid off. This system was beneficial for all parties involved: homeowners avoided foreclosure, the state received the resources it needed to function properly, and lenders built their businesses.

Other states also created property tax lending programs, but each county’s foreclosure department controlled them, pairing financiers with delinquent taxpayers. In Texas, homeowners can decide from whom and how they’d like to finance their property taxes.

The Recent Resurgence

What happened to property tax lending between 1933 and today? After the Great Depression, the federal government restructured the way people paid property taxes, grouping them with monthly mortgage payments so that homeowners weren’t hit with large annual bills. This, combined with the economic recovery after the Depression, greatly reduced the need for property tax lending. However, with the recent recession and mortgage crisis, this system has once again become valuable to homeowners and local governments. In addition, over the past three decades, the Texas legislature has updated the policies on liens, interest rates, and tax transfers to improve property tax lending.

Tax Ease’s History

Since 2003, Tax Ease has been making new history in property tax lending. Our high-quality, fully integrated in-house service and commitment to our clients have made us a leading lender throughout Texas and the United States. Our loan officers use their extensive experience in this industry to swiftly and successfully provide our clients with the money they need to maintain their homes, businesses, and finances. In the past 12 years, we’ve processed hundreds of millions of dollars in property tax loans. We’re proud to have made a difference in thousands of clients’ lives.

Learn More About Property Tax Lending

Are your property taxes becoming burdensome? Would you like to free up your finances for other endeavors? Property tax lending has a long and well-established history of helping owners get by and succeed. Contact Tax Ease today to find out how we may be able to assist you.

money spent on school

Posted by & filed under Municipal Tax Revenue, Uncategorized.

Community through Property Taxes

When homeowners pay property taxes to their city, town, or municipality, the amount may seem unreasonable. Many residents are left wondering “How Are Property Tax Dollars Spent?”. Though some homeowners may be unaware, municipal property taxes actually serve an important purpose in the community. When taxes are collected, residents can expect a variety of benefits and services as a result. If taxes go unpaid, these services suffer. With property tax loans, however, both residents and municipalities benefit.


How Are Property Taxes Spent?

One of the most important areas in which municipal tax revenue is spent is the public school system. While state and federal governments do provide some support, the majority of public education is funded by municipal tax dollars. This money can go towards anything from state of the art technology to books and supplies. The amount of support that school districts receive from municipal property tax revenue is dependent upon the local tax base.


Another critical area that is supported by municipal tax dollars is the local police department. It is undeniable that public safety is a key factor to a successful city, town, or municipality. With property tax revenue, police and fire departments can maintain their staff, equipment, and vehicles for use during an emergency. Money collected from municipal taxes also goes towards the establishment of emergency or 9-1-1 call centers.


Furthermore, municipal tax revenue is also spent on basic necessities such as street maintenance and utilities such as sewer, water, and waste disposal. Without these amenities, it would be difficult for any city or town, and its residents, to function properly. When a road is plowed or a pothole is filled, that is municipal tax dollars at work. In some areas, when the trash is picked up, that is also a function of local property taxes.


The Benefit of Property Tax Loans

Tax loans can be very beneficial to municipalities and their residents, by offering new means to pay these taxes, while also resolving title issues. When property taxes go unpaid, critical services go unfunded. Often schools cannot meet their needs and citizens are impaired by the lack of services.  Conversely, when tax loans make it possible to pay these taxes, revenue is collected by the taxing authority and the municipality does not suffer from a restricted budget.  Ultimately, both the individual homeowner and the community as a whole benefit tremendously.


Contact Tax Ease today for help with a property tax loan.