Unpaid Property Taxes?
Here are Property Tax Arrears Solutions that Can Work for You
Don’t let the burden of unpaid property taxes weigh you down. If you’ve fallen behind on payments, TurnedAway.ca is here to give sound advice and provide you with a solution. We can get mortgages approved to help you get your property tax payments up to date!
I Have Unpaid Taxes, What Are My Options?
With expert insights and practical advice, this video provides valuable information to help you navigate through the complexities of tax debt and tax debt resolution.
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Property Tax Arrears
If you have property taxes in arrears, there can be severe consequences. Local municipalities rely on tax payments to be paid on time to fund their budgets and most have strict and stringent measures to go after homeowners who haven’t paid their property taxes.
Local governments collect these property taxes to fund timely essential services for schools, garbage collection, snow plowing, and local law enforcement within their jurisdiction.
Interest on Arrears or Delinquent Taxes
This is a serious issue for property owners. as income tax arrears and delinquent taxes typically accrue interest until they are paid or recovered by the local government.
The interest is considered a part of the total amount of the taxes in arrears or delinquent taxes, and property owners must stay informed on current and historical interest rates to understand their financial obligations and take the necessary steps to pay their outstanding tax debts.
The good news is that property owners can avoid additional interest charges and prevent liens being registered against their properties. Talk to one of our experts to learn about our property tax arrears solutions.
How to Appeal Your Property Taxes
If you believe your property taxes have been assessed unfairly, it is possible to appeal the decision.
Steps you should take to appeal your property taxes:
- Streamline the filing process by submitting your documents electronically through the Board’s website.
- Fill in the Assessment Appeal Form and compose your appeal letter to include the following information:
- Your property and its roll number (or copy of the Review Panel Decision Notice)
- Your name, daytime telephone number and fax number
- The name, address, telephone number, fax and email of an agent who can act on your behalf
- Address for delivery of any appeal notices
- The grounds for your appeal.
Send them via mail or fax to the Board’s office.
Don’t let inaccurate property taxes burden you – TurnedAway.ca can help you get through the appeals process and work on the relief you deserve.
Can I Lose My Home in a Property Tax Sale?
When a local government has no other course of action, it can go after a foreclosure on a property with unpaid taxes. Homeowners, on the other hand, can try to negotiate payment plans with the municipality.
Your home may be unsafe from the power of sale or foreclosure, even if you’ve paid off your mortgage. If your home is on a mortgage, your current mortgage lender may require you to keep up with property taxes and make your payments on time.
Property tax arrears are never a good thing and should be addressed by homeowners as soon as they can. Talk to one of our experts to discuss your options for property tax arrears solutions and how we can help you with your property tax responsibilities.
Can I Apply for a Property Tax Loan?
Property tax loans aren’t easy to secure, usually because most mortgage lenders don’t want to take on someone else’s headache. There are lenders though who will approve mortgage refinancing and home equity loans to consolidate property tax arrears payments.
As a first step, you must find a mortgage broker specializing in these types of secured loans.
Turnedaway.ca, specializes in helping property owners who are facing property tax arrears challenges by providing you with solutions to make an informed decision. We focus on helping those who are struggling with the following:
- Property tax arrears and tax arrears certificates
- Mortgage arrears
- Power of sale & foreclosure
Having overdue property taxes is not an ideal situation, and there are options available to get you updated with your property tax obligations and keep you there.
Apply now, and we’ll connect you with a financial specialist who can help you find the best solution for your property tax arrears situation.
Can’t Pay Property Taxes?
We Can Help!
TurnedAway.ca has been helping people with secured property tax loans for over 30 years. Our name may have changed, but our solutions have not.
If you are facing a municipal tax sale, have property tax arrears, or your bank refuses to renew your mortgage, make Turnedaway.ca your next call. We offer free phone consultations or apply online and get approval in as fast as 24 hours!