“Ownwell is tremendous excited to announce our partnership with Valon, and much more excited to supply transparency and scale back property taxes for 1000’s extra householders,” Ownwell CEO Colton Tempo stated in a press release. “Valon and Ownwell are each on a mission to empower householders to make higher monetary choices, and we will’t wait to see the influence we will have working collectively.”
“Partnering with Ownwell is one other instance of Valon striving to make homeownership extra reasonably priced,” Jake Mintz, chief product officer for Valon, stated in a press release. “We’re thrilled to work with the specialists at Ownwell and, primarily based on our testing final 12 months, we anticipate to avoid wasting householders thousands and thousands of {dollars} from incorrect value determinations in 2025.”
Over-assessed properties are prone to result in increased property taxes, in line with Ownwell. The corporate stated that generally used, outdated appraisal methods usually produce incorrect dwelling values. And aftermath is expensive for householders.
Ownwell referenced a report on tax funds by the Nationwide Taxpayers Union Basis. The report discovered that as much as 60% of house owners overpay on property taxes — and about 95% don’t contest these funds. Low- and middle-income debtors are additionally most probably to obtain higher-than-normal property tax assessments.
Ownwell additionally launched a report in January that analyzed property tax funds in Texas between 2022 and 2024. The report discovered that householders who didn’t protest their property taxes had a mean market worth that was 1.58% increased than those that did.
Ownwell can determine an over-assessed dwelling and formally request a discount on the house owner’s behalf. In line with Ownwell, 85% of its clients obtain a discount after utilizing the service, and so they save roughly $1,100 on common. The corporate stated it has decreased assessments by greater than $10 billion in complete.
This isn’t Ownwell’s solely headlining partnership with an internet mortgage expertise platform. It additionally joined with Haven to supply property tax monitoring and appeals to shoppers.