This company manages the end-to-end property tax appeal process, utilizing local expertise and software to build evidence for tax savings. They also handle property tax exemption filings and monitor insurance and utility bills to reduce overall property expenses. Clients only incur a contingency fee based on realized property tax savings, offering a risk-free engagement model.
Funding
$26.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many property owners lack the expertise and time to effectively navigate the complexities of property tax assessments, often resulting in overpayment. The appeals process can be daunting, requiring significant paperwork, negotiation with assessors, and even attendance at appeal hearings. Furthermore, many are unaware of potential exemptions that could lower their tax burden.
Solution
Ownwell provides an end-to-end property tax management service that leverages local expertise and proprietary software to analyze property assessments and identify potential savings opportunities. The company manages the entire property tax protest and appeal process, from initial analysis and paperwork filing to negotiation and representation at appeal hearings. Ownwell also identifies and manages property tax exemptions to further reduce taxable value. Their approach combines real-time market data, local knowledge, and AI to build compelling evidence for tax reduction.
Target Audience
Ownwell primarily serves homeowners and real estate investors, including those managing large portfolios, who seek to reduce their property tax burden and other property-related expenses.
Features
- Property tax assessment analysis using proprietary software and local market data
- Management of property tax protests and appeals, including paperwork and negotiations
- Identification and management of property tax exemptions
- Representation at appeal hearings
- Monitoring of insurance rates and coverage to identify savings opportunities
- Analysis of internet and phone bills to find potential reductions
- Personalized property portal to track savings opportunities and manage property expenses