Many homeowners throughout San Antonio have unpaid property tax balances. This can cause worry and concern, especially when a homeowner is considering selling their home with delinquent taxes . Whether delinquent property taxes are due to financial hardship, miscalculation, or simple negligence, delinquent property taxes can cause stress and can result in fines, fees, and the risk of property tax foreclosure.
Even with these challenges, selling your home is a viable option for mexico number lookup most homeowners. Our goal is to highlight some of the details of property taxes for San Antonio homeowners and how to sell your delinquent home to get a clean slate.
Understanding San Antonio Property Taxes
Like all cities in Texas, San Antonio relies on property taxes to provide public schools and other public services. Every year, homeowners are responsible for the tax bills they receive based on the assessed value of their property.
If taxes are not paid by the due date (usually the end of January), they are considered delinquent. Most homeowners who have a mortgage on their property have their taxes paid by their lender. However, many homeowners own their homes outright or choose not to take this service from their lender.
The impact of delinquent property taxes in Bexar County
When taxes become delinquent, penalties, fees, and interest begin to accrue. The Bexar County Tax Assessment and Collection Office is responsible for collecting all taxes, including delinquent taxes. There are some grace periods as well as payment plans available for residents experiencing financial hardship. However, these options become fewer and harder to obtain over time, which can make it more difficult to sell or refinance a property.