Search Site
Menu
Will You Get Property Tax Relief Due to the COVID-19 National Emergency?

 

Governments, and even some private businesses, have worked to ease the burden on people who are struggling financially due to the COVID-19 pandemic. For people who are concerned about losing their home after being laid off or seeing their business revenue plummet, programs have been established to offer rent and mortgage relief. While many affected parties will certainly welcome this news, homeowners might also be concerned about property tax payments that are coming due.

Property taxes are collected under the control of state, county, and municipal governments and taxing authorities, so Congress and the President cannot enact measures covering the whole country. Accordingly, different jurisdictions are evaluating a variety of responses, such as:

  • Expanding Grace Periods – Because the economic downturn has taken a huge bite out of public revenues, full-scale relief might be impossible in some jurisdictions. As such, a proposal to extend the typical grace periods for non-payment might give people a breather and allow them to make a delayed payment without penalty.
  • Offering Payment Plans – Possessing the power to impose liens on property and seize land, if necessary, government authorities usually do not have to accommodate people who cannot afford to pay their tax bill when it is due. The challenge presented by the pandemic has shifted the thinking of some officials, and some jurisdictions are now looking to give homeowners the option to pay as little as 20% of the amount they owe on deadline and address the balance over time.
  • Easing of Rebate Rules – Many states offer property tax and/or rent rebates and exemptions for individuals within certain classes, such as the elderly, disabled persons, and wounded veterans. Securing these benefits sometimes requires compliance with strict rules and deadlines, so recognizing the turmoil caused by the pandemic, some jurisdictions have extended the application deadlines for these benefits in order to allow more individuals to potentially receive this added assistance.

Whether you currently own a home or are concerned about the prospective property taxes at a residence that you are considering for purchase, a dedicated real estate attorney can explain the overall situation and the latest changes prompted by the COVID-19 crisis.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact a Dedicated Texas Business Lawyer To Schedule a Consultation
Call 281-367-1222 or contact us online to schedule a meeting.

Strong In Action

  • Spring 2019

    The Strong Firm represents borrower in $42.3 million HUD construction loan for multifamily real estate development in Walton County, Florida.

    Read More
  • Spring 2019

    The Strong Firm acts as legal counsel for borrower in $32.1 million HUD construction loan for multifamily real estate development in Conroe, Texas.

    Read More
  • Spring 2019

    The Strong Firm aids borrower in $31.7 million HUD construction loan for multifamily real estate development in Nueces County, Texas.

    Read More
  • Spring 2019

    The Strong Firm represents borrower in the refinancing of a $3.57 million commercial mortgage-backed security for a commercial office facility in Montgomery County, Texas.

    Read More
  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  • Peer Rated 2021 Award
  • Clio Client-Centered Certification

Recent Blog Posts

COMMUNITY AND SEPARATE PROPERTY IN TEXAS: OWNERSHIP AND CONTROL

COMMUNITY AND SEPARATE PROPERTY IN TEXAS: OWNERSHIP AND CONTROL Texas law characterizes property acquired by spouses either community or separate property when property is acquired, and this characterization has tremendous consequences. w defines a spouse’s "separate property" as: (1) property owned or claimed by the spouse before marriage; (2) property acquired during
Read More
COMMUNITY AND SEPARATE PROPERTY IN TEXAS: OWNERSHIP AND CONTROL

Scams in Times of Disaster and Emergency

Scams in Times of Disaster and Emergency While Texans are generally prepared for major weather-related disasters during hurricane season from June through October, occasionally a rogue weather event, such as an artic blast, sweeps across the state causing severe and unanticipated property damage to residential and commercial properties. As individuals and
Read More
Scams in Times of Disaster and Emergency

Legislation Authorizes Paid Sick Leave for Workers Suffering from Coronavirus

New legislation passed in response to the COVID-19 pandemic allows certain workers to receive paid sick leave even if their employer previously did not provide it. In March, the federal government enacted the Families First Coronavirus Response Act (FFCRA). This law assists employers that give their employees paid time off
Read More
Legislation Authorizes Paid Sick Leave for Workers Suffering from Coronavirus

Lenders Suspend Home Foreclosures Due to COVID-19, But What Happens Next?

Many large financial institutions are suspending foreclosures because of the massive economic damage caused by COVID-19. Some banks have stopped proceedings indefinitely. Others have set time limits for foreclosure suspensions such as 60 or 90 days. Even as health and financial issues remain uncertain, this is a good time for
Read More
Lenders Suspend Home Foreclosures Due to COVID-19, But What Happens Next?
  • Video Vault


    Watch videos done by our legal team to gain a better understanding of your legal needs. Our lawyers give video insight into areas such as Real Estate, Business Law, Mergers & Acquisitions and much more.
Contact us

Quick Contact Form