What Can You Do if You Can't Pay Your Real Estate Taxes?

If you have recently gone through any major changes this blog can help you understand what you need to do for your taxes and how it can change the outcome.

What Can You Do if You Can't Pay Your Real Estate Taxes?

What Can You Do if You Can't Pay Your Real Estate Taxes?

30 November 2021
 Categories:
, Blog


Getting behind on any bill is never a good thing. When it comes to real estate taxes, you could also be at risk of losing your home or your business. There are a number of different options tax relief services can help you explore.

What Happens if You Don't Pay?

The first thing you need to understand is what actually happens if you don't pay. For example, if it's your primary home, the government may place a lien on your house. However, they may not be able to foreclose on that lien and take your house away. All that it means is that you can't sell your house without paying off the taxes.

Not paying your taxes may still do things like hurting your credit. However, if you don't have any money and your credit is already bad, you may not face any real consequences if you don't pay.

Can You Lower the Bill?

Your tax bill may be too high for a number of reasons. The assessment of your property could be too high, you may have missed filing for exemptions, or you have been charged the wrong tax rate because your property is misclassified. If you can get your bill corrected, you won't owe as much in real estate taxes.

Tax relief services can help you find things that are wrong with your bill. If there is an error, they can help you to file the appeal that you need to be charged the correct amount.

Can You Get a Payment Plan?

Some local governments will offer payment plans for real estate taxes. Often, these might have rules like not getting behind on your tax payments again and making all of the payment plan payments as agreed. Before accepting a payment plan, you need to make sure you can complete it.

Do You Have Other Options?

Tax relief services can also help you find other options to pay off your tax debt. In some situations, getting a private loan might be the right answer to get through a temporary hardship. In other cases, you might decide that it's best to sell your home because you can no longer afford your taxes. The most important thing is to work with an expert to get all of the information possible so you can choose the right option.

To learn more about what you can do if you can't pay your real estate taxes, contact a local real estate tax relief services company today. 

About Me
life changes that change your tax filing

Last year, I went through several changes in my life that changed a lot of things on my taxes. I got married in January, bought a house in February and had a baby in November, so there were a lot of changes that I wasn't sure how to handle. I decided that this was the year to work with a professional tax preparer to ensure I was going to get as much of a refund as possible. If you have recently gone through any, or all of these changes, my blog can help you understand what you need to do for your taxes and how it can change the outcome.

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