Are you dealing with delinquent property taxes in Bella Vista? If so, you might be nervous about losing your home or coming up with the cash to pay your debt. The good news is that you have solutions available to you! Learn more about how to handle your difficult property tax problems in our latest post!
Dealing with past-due property taxes can be a nightmare. The costs can add up quickly. What starts as one small debt can quickly rack up fees, penalties, and interest. Getting behind on your property taxes can have major impacts and result in severe penalties. In some cases, you can even lose your home to foreclosure!
What Can Happen
When your taxes go unpaid for too long, the county will issue a lien against your property until the funds are repaid. Eventually, the county/state will auction off your property to recoup the money they lost due to the unpaid taxes. Of course, it takes a while to get to this point, but losing your house is a real threat of delinquent property taxes. It is important that you take the necessary step in order to keep from losing your house.
What You Can Do
You have a few options when you have delinquent unpaid property taxes. The first and most obvious choice would be to pay them back. However, this is easier said than done when you have struggled to pay them in the first place. You can choose to get a loan to pay off the taxes, but then you are merely replacing one debt with another. However, the benefit can be that you get your past-due property taxes paid and make a small monthly payment on the loan. This is a much better alternative than losing your home at a tax sale auction.
You may be able to negotiate the amount the property assessor has valued your home. Make sure they have all of your property data correct and look at what they assessed in comparison to what properties in the area are selling for. If you see a something that seems off, take it up with the appraiser and see what you can do about getting your taxes lowered. Getting them lowered may be a bit of a challenge. Before you call the appraiser’s office, collect all applicable data so you can go into it well prepared and well informed.
Your third option would be to work with a buyer who is willing and able to help you take care of the liens and back property taxes you are facing. When working with a private buyer, make sure you are still receiving a fair price. No matter how desperate your situation might seem, you should always be treated fairly and receive an honest price.
How Northwest Arkansas Home Buyer Can Help
Northwest Arkansas Home Buyer is a team of professional home buyers who can help you by purchasing your home outright. We will take care of the back taxes, liens and anything else that is stopping you from selling the house in the traditional manner. You don’t have to feel stuck, burdened or feel exhausted by the amount of debt you are facing. We have worked with people all over the Bella Vista area who were dealing with property tax problems. Let us help you by using our knowledge and expertise to get you out of the situation fast!