Sat.Apr 09, 2016 - Fri.Apr 15, 2016

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Failure to Timely Pay Texas Ad Valorem Taxes: Reminders for Taxpayers and Secured Lenders

The Energy Law Blog

The extended downturn in the oilfield economy is showing up in some taxpayers’ inability to pay their Texas real property and personal property ad valorem taxes when those taxes become due. This note reminds taxpayers what happens when the ad valorem taxes are not timely paid. It also reminds lenders with security interests in real and personal property to monitor their borrowers’ financial situations and any related developments in tax liens and tax sales in order to maximize the value of col

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