Real estate investor Nate Paul has found himself at the top of Travis County's list of delinquent taxpayers for the third consecutive year, with a staggering $3 million in unpaid taxes looming over his assets, according to official reports. The Travis County Tax Office identified Paul as the leading debtor among a group of property owners behind on their taxes, with eight properties linked to him now in jeopardy of foreclosure.
The Texas tycoon, also the standout CEO of World Class Holdings, has seen his entities—Met Center Portfolio LLC, W Ben White LP, and 11530 Menchaca Rd. LLC—accumulated hefty tax debts, as listed in Travis County's public records, despite having from November 2023 until January 31 of this year, to settle the dues, he hasn't made any payments and now faces the harsh reality of potential foreclosure actions, KVUE reported.
"I’ve sent letters and made phone calls hoping to collect the payment in full or work out a payment plan for those struggling to pay, and the property owners on this list are avoiding me," Tax Assessor-Collector Bruce Elfant relayed to the press, underscoring the gravity of the situation and the consequences of ignoring tax obligations. According to the Austin Business Journal, if these property owners continue to shun their financial responsibilities, the county may be forced to raise residential property taxes as a direct response to recoup the losses.
Moreover, amidst this financial debacle, two World Class entities declared Chapter 11 bankruptcy in April, further highlighting the challenges facing Paul, who has had a history marked by legal troubles, including an FBI raid of World Class offices In 2019-not tipping the scales in his favor.
The list of delinquent taxpayers extends beyond Paul's network, involving other Travis County businesses such as OTX Hotel LLC, Northwend Investor LLC, RPC Mueller Square LLC, Velo Flats LLC, and OM Digital Solutions Americas Inc. If no action is taken to address the unpaid taxes these assets will eventually be foreclosed and auctioned publicly; these distress sales are scheduled on the first Tuesday of each month and could become the last resort for settling the county's tax arrears which have now crossed the $120 million mark.
