If you have delinquent property taxes, you may be in a bit of a panic. But, don’t despair; property taxes are often some of our largest tax bills, and they can be difficult to pay for anyone. Here are some steps you can take to resolve your issues for delinquent property taxes.
First, contact your tax collector. Hiding and avoiding their calls and letters will get you nowhere. Your local tax collector will likely be able to work out a payment plan for you if you communicate with him. However, if he gets no response to letters or phone calls, he will assume that you don’t intend to pay the delinquent property taxes and he will continue to pursue additional methods of collection. When you discuss your situation with the tax collector, be certain to find out about the penalties and interest you’re accruing. In many cases, you’d be wise to take out a loan to pay the taxes off, if the interest rate the collector is charging you is higher than the interest rate on a loan.