Avoiding the July 1 Shock: What Multifamily Property Owners Need to Know About the June 30 Texas Property Tax Deadline
For owners of multifamily buildings in Texas, property taxes aren’t just another bill—they’re a critical component of the property’s financial picture. As we approach mid-year, one date looms especially large: June 30. That’s the final day to pay delinquent property taxes before a steep jump in penalties and interest hits on July 1.
If you own a duplex, triplex, apartment building, or other multifamily asset, here’s why you should act now—and how delaying payment could cost you far more than you expect.
While most Texas property owners know that taxes become delinquent on February 1, not everyone realizes that the penalties don’t stop there. The longer you wait, the worse it gets. By the time July rolls around, the added costs are no longer just interest and penalties—they may include attorney collection fees that significantly raise the balance due.
In many counties, an additional collection penalty of up to 20% is imposed on July 1. This fee is added on top of the interest and penalties that have already been accruing monthly since February. In practical terms, waiting until July to settle your tax bill could mean paying up to 38% more than the original amount owed.
Late property taxes create multiple layers of risk for multifamily property investors:
Cash Flow Disruption: A large and sudden increase in tax-related costs can upend your operating budget, especially if you’re using that cash for repairs, tenant improvements, or debt service.
Lien Risk: Counties can place a tax lien on your property if taxes remain unpaid, which can lead to foreclosure proceedings.
Financing Complications: Delinquent taxes can jeopardize your ability to refinance or obtain new financing, particularly if you’re working with lenders who expect a clean property tax record.
Reputation: Falling behind on taxes can harm your standing with lenders, equity partners, and even prospective tenants.
For owners managing multiple properties or portfolio investors working across counties, these risks can multiply quickly.
If you haven’t yet paid your 2024 property tax bill, now is the time to take action. First, confirm the outstanding balance for each property you own. Most Texas counties offer online lookup tools, or you can request statements directly from the tax assessor’s office.
If the payment amount is substantial and difficult to pay in full, property tax lenders like Propel Tax can help. We specialize in working with multifamily and commercial property owners to avoid these kinds of costly deadlines. Our loans cover the full amount of taxes due, including fees and penalties, and give you time to repay in manageable installments—without putting your property at risk.
June 30 isn’t just another date on the calendar—it’s the last chance to avoid a painful increase in your tax burden. For multifamily owners navigating rising costs, higher insurance premiums, and tight rental markets, avoiding unnecessary penalties is a critical part of maintaining profitability.
At Propel Tax, we understand the pressure that comes with managing commercial property in Texas. If you're facing an upcoming property tax deadline, contact us today to learn how we can help protect your investment and keep your portfolio on track.
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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