What is the penalty for a delinquent tax in the first month?

In Texas, when property taxes become delinquent, there is a specified penalty structure that applies. For the first month that a property tax payment is considered delinquent, the penalty imposed is 7%. This percentage is established by Texas tax law, which specifies a graduated system of penalties for late payments that increases over time.

Understanding this first penalty is essential for property owners and tax consultants because it emphasizes the importance of timely payments to avoid escalating liabilities. Therefore, recognizing that the penalty for delinquent taxes is set at 7% during the first month helps both taxpayers and professionals navigate their responsibilities effectively.