Ownwell and Realtor.com have partnered to make property tax resources more accessible to homeowners nationally. Property taxes are increasingly burdensome, with 66% of homeowners exceeding budget estimates. Many homeowners lack awareness of their right to appeal tax assessments. A report suggests that around 40.5% of U.S. properties may be overassessed. Ownwell claims to have reduced property taxes by over $10 billion, with 86% of appeals resulting in tax cuts averaging $1,100. The partnership integrates Ownwell's services into Realtor.com's platform to further assist homeowners effectively.
"66% of homeowners who budgeted for property taxes this year said their bills exceeded estimates. Meanwhile, 53% of homeowners are unaware they have the right to appeal their property tax assessments."
"Ownwell reports that it has helped reduce property tax assessments by more than $10 billion, claiming 86% of its appeals result in tax reductions, saving customers an average of $1,100 annually."
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