If you own a commercial building, you’ll have to pay Texas property taxes on it. Sometimes, however, business owners have a hard time paying their commercial property taxes. If you’re facing a commercial property tax dilemma, you may want to apply for a commercial property tax loan via Propel Tax.
When you get a property tax loan through us, we pay your outstanding taxes and then you pay us back. This relieves you of your tax obligation so that you aren’t in danger of losing your property or running afoul of tax laws.
Obviously, the first step in applying for a loan is to contact us so that we can review your situation and determine your eligibility. Most commercial property owners will be eligible for a property tax loan; it’s dependent on whether you own property and owe significant taxes rather than on your credit.
In order to establish eligibility, you’ll need a couple of documents:
Once you’ve been deemed eligible, the next step is to apply for the loan itself. In order to give you a loan, we’ll need proof of your monthly income so that we can determine a fair monthly payment for you. We’ll also need any mortgage paperwork you have so that we can include your mortgage lender when finalizing your property tax loan.
We’ll underwrite the loan based on your information. Once we’ve finalized the loan, you just need to sign all the loan documents. Then we pay off your delinquent taxes and you just have to pay us every month.
It’s not difficult to get a loan to pay your commercial property taxes, so there’s no reason to wait. Call Propel Tax at 1-877-324-8445 to start the process today
Your tax office may offer delinquent tax installment plans that may be less costly to you. You can request information about the availability of these plans from the tax office.
* Conditions apply, first payment date must be within 12 months
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