Still owe property taxes from 2016? And didn’t get them paid by July 1st? Then you can look forward to a 12% penalty on the amount of delinquent tax!
According to Texas Tax Code, Sec. 33.01: A delinquent tax incurs a penalty of six percent of the amount of the tax for the first calendar month it is delinquent plus one percent for each additional month or portion of a month the tax remains unpaid prior to July 1 of the year in which it becomes delinquent. However, a tax delinquent on July 1 incurs a total penalty of twelve percent of the amount of the delinquent tax without regard to the number of months the tax has been delinquent. A delinquent tax continues to incur the penalty provided by this subsection as long as the tax remains unpaid, regardless of whether a judgment for the delinquent tax has been rendered.
To prevent getting into this same situation on your 2017 property taxes you need to start working on your taxes now. Bring Flagship on board now and let us get started immediately to successfully protest your 2017 taxes this fall. July 1, 2018 will be here before you know it.
Hiring an expert, such as Flagship, to evaluate your property status on your behalf is a good business decision. As experts, we have the people, time and expertise to get you the best tax savings and considerations on your valuable assets and investments.
James English, Owner
Flagship Property Tax Consultants
4606 FM 1960 Rd W, Ste. 560, Houston, TX 77069
Call or Text: 281-771-0241