New bill would allow payment agreement on property taxes

New bill would allow payment agreement on property taxes
MGN Online
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POSTED: Wednesday, May 8, 2013 - 5:25pm

UPDATED: Wednesday, May 8, 2013 - 5:42pm

Individuals struggling to pay their property taxes and facing threats of foreclosure may soon be getting help. 

A bill passed in the Texas house Wednesday allowing working class and military families the chance to pay their property taxes in installments without paying penalties and interest.

The payments can be split over three years. Anyone entered into a payment agreement is exempt from mortgage lenders placing homes into foreclosure status.
 

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