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.
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.
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.
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.
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.
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.
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.
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.
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.
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.