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Are You Behind On Your Property Taxes In Charlotte NC?

April 12th, 2021

Falling behind on property taxes happens to more people than you think, and often through no fault of their own. An unexpected financial crisis, job loss, divorce, or serious medical issues are some of the most common reasons we’ve seen.

As soon as a homeowner falls behind on property taxes, the local taxing authority will begin adding interest and penalties to the account, so unfortunately the balance will continue to increase.

Not being able to pay your property taxes is scary, because you could lose your home. We all need a roof over our heads, so here are some things you can do…

Set Up A Payment Plan

Some taxing authorities will work with you and allow back taxes to be paid in installments, but you will have to prove your financial hardship and interest may accrue.

Apply For A Loan

Some banks, and property tax lenders will loan money to pay back taxes. The latter specializes in this type of lending but be aware they charge very high interest rates.

Request An Abatement

You may be able to request an abatement due to economic hardship. You will have to provide proof that there is only enough income to meet your basic living expenses. An abatement forgives the debt without a repayment required, so if you can get approved it’s a really good option. But if there is enough equity in the property to satisfy the tax debt, you may be denied, requiring the sale of the home.

If none of the above has worked for you, give us a call on (704) 461-0576 or simply in the quick form below. We’ll make you a no-obligatory cash offer on your home and we can close quickly to help get all this cleared up.

What Our Customers Are Saying

Finding a place you can call home can be a very lengthy and tiring process. For me, this was an important milestone in my life and I needed someone who not only understood my goal but also has the knowledge, experience and patience to help me reach this goal. Bright was very involved in the entire process; scheduling property visits, working with the financial institution, lawyer’s office, property inspectors, all the way to negotiating the property price down, etc. Having Bright on my side as a buyer made the process smooth and enjoyable for me, and I’d strongly recommend him to anyone looking to buy or sell a property. Abdul Baba
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