Texas Property Tax Consultant Practice Exam

Which of the following statements is true regarding property tax payment dates?

1. Property taxes are due annually on December 31

2. Property taxes become delinquent on February 1

3. Property taxes must be paid by January 31

4. Property taxes can be paid quarterly without penalties

The correct answer is: Property taxes must be paid by January 31

The statement that property taxes must be paid by January 31 is accurate and reflects the established deadline in Texas. Property tax bills are typically mailed out in October, and the property tax payment deadline for the previous year is set for January 31 of the following year. If taxpayers do not pay their property taxes by this date, they will begin to incur penalties and interest. Understanding this timeline is crucial for property owners because failure to meet this deadline can lead to additional financial obligations. It's important for taxpayers to be aware of this requirement to avoid penalties and the potential for tax liens against their property. The other statements do not accurately represent the known rules or timelines for property tax payments in Texas, highlighting the significance of knowing the correct due dates.