With the cost of living going up all the time, it can be easy for certain bills to slip, and most people probably don’t think about their property taxes as often as their electric or water bill. If you’ve found yourself staring at an overdue tax bill and wondering what your next move is, you’re not alone. More importantly, there is help available.
Don’t Let Property Taxes Put Your Home at Risk
Property tax debt has a way of snowballing quickly. Unpaid taxes can lead to penalties, accumulating interest and eventually a lien on your home. In serious cases, continued nonpayment can put your home at risk of foreclosure. That means when you’re behind, the sooner you act, the better. But it’s not easy to figure out where to start.
Fortunately, this is exactly the kind of problem that credit unions are built to solve.
At St. Thomas Federal Credit Union, we’re a member-owned institution, which means our success is measured by your success. We’re not answering to outside shareholders. We’re answering to the people of the Virgin Islands: our neighbors, our members and the people who walk through our doors because they need a financial partner they can trust.
When we see a problem affecting our community, we do something about it.
STTFCU Property Tax Relief Loans
We believe that a temporary financial setback shouldn’t threaten your home. That’s why we offer property tax relief loans, a fast, accessible solution to help Virgin Islands homeowners get current on their taxes and protect what’s theirs.
Here’s what the loan offers:
- Borrow up to $5,000 to cover outstanding property tax obligations
- Rates as low as 10% APR, designed to help members, not profit margins
- Quick access to funds so you can resolve your balance before it grows
- A simple application process to get you started without a mountain of paperwork
You just need a few things to apply:
- Your two (2) most recent check stubs
- A job letter and Notice of Proposed Assessment (NOPA), if applicable
- Your current property tax bill
That’s all it takes to get started.
Don’t Wait to Tackle Your Property Tax Debt
If you have property tax debt, it won’t get easier on its own. The longer it sits, the more complicated it gets. The good news is that the problem is solvable. Apply for a property tax loan online or visit us at the branch! We’ll look at your situation together and find a way to get you back on solid ground.
*Loans subject to credit approval. Restrictions may apply. Rates and terms may change. This credit union is federally insured by the National Credit Union Administration.