Due Dates for Most Real Property Accounts
The Texas property tax code stipulates that property tax bills not paid in full prior to January 31st will incur penalty and interest. The penalty and interest vary by month and are mandated by state law. It is prudent that all taxpayers promptly pay their taxes before the deadline to avoid the costly penalties and interest. In addition, delinquent tax accounts that remain unpaid on July 1st will incur an additional penalty of 20%, in addition to the current penalty and interest being assessed. This additional penalty offsets the cost of retaining legal counsel and assistance in collecting delinquent taxes. The Appraisal District contracts with an outside law firm that specializes in the collection of delinquent property taxes.
The additional penalties are added to each individual tax account that is delinquent on July 1st as per state statute. To avoid paying the additional 20% penalty each delinquent property account must be paid in full by the July 1st date. Any outstanding balance, delinquent on July 1st, will be assessed the additional penalty.
Due Date for Personal Property Accounts
Any business personal property account that remains unpaid by April 1st of each tax year will incur an additional penalty of 20% in addition to the other statutory penalties and interests.