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Updated about 2 months ago, 09/25/2024

User Stats

335
Posts
192
Votes
Allen Wu
  • Rental Property Investor
192
Votes |
335
Posts

Ownwell- protest property tax. Is this company legit?

Allen Wu
  • Rental Property Investor
Posted

All - received a marketing mailer today for my SA properties. They essentially protest your property tax and then you just pay 25% of savings. Is this legit? Or is this company a scam?

User Stats

29
Posts
18
Votes
Keaton Frieberg
  • Attorney
  • Texas
18
Votes |
29
Posts
Keaton Frieberg
  • Attorney
  • Texas
Replied

Clients of mine have used https://hometaxshield.com/ and been fairly happy with their services. They do the same thing as the company you posted about. 

User Stats

56
Posts
24
Votes
Replied
Quote from @Allen Wu:

All - received a marketing mailer today for my SA properties. They essentially protest your property tax and then you just pay 25% of savings. Is this legit? Or is this company a scam?


 I received similar mail from them. Did you do your protest through them? 

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User Stats

31
Posts
9
Votes
Alex K.
  • Delaware
9
Votes |
31
Posts
Alex K.
  • Delaware
Replied

I am curious as well if these type of companies provide any value?  I filed a protest on my own and got it reduced a bit....

User Stats

38
Posts
14
Votes
Replied

Did you end up using ownwell? I'm considering using them this year

User Stats

330
Posts
327
Votes
Kristi K.
  • Homeowner
  • Austin
327
Votes |
330
Posts
Kristi K.
  • Homeowner
  • Austin
Replied

@Manju Nat

I got the same mailers on several properties and the value that they said my properties were worth were no where near accurate. I personally protest my own using the CMA data my realtor provides for free and have had very good success over the years.

User Stats

38
Posts
14
Votes
Replied

I think the market value is higher than my tax assessed value so that might not help me.

User Stats

78
Posts
13
Votes
Steve Tse
Pro Member
13
Votes |
78
Posts
Steve Tse
Pro Member
Replied

Has anyone had any success with Ownwell.com ?

What do they charge if they are not able to reduce your taxes ?

  • Steve Tse
  • User Stats

    8
    Posts
    1
    Votes
    Jeff Stone
    • Real Estate Investor
    • Acworth, GA
    1
    Votes |
    8
    Posts
    Jeff Stone
    • Real Estate Investor
    • Acworth, GA
    Replied
    Quote from @Steve Tse:

    What do they charge if they are not able to reduce your taxes ?

    Their 25% fee is based on the actual property tax savings.  If they aren't able to reduce your taxes then they don't get paid.

    I assume they are selective about which appeals they will take on since there is no benefit to them or the homeowner to not be able to win an appeal, but I have no knowledge of their internal business logic.

    User Stats

    3
    Posts
    3
    Votes
    Replied

    As of this year, Ownwell also charges a $100 property tax freeze fee. So, for example, they reduced my taxes by $126 this year but I paid more than that because the 25% plus $100 freeze fee added up to $138 (but at least the assessment is frozen for the next two years).

    User Stats

    78
    Posts
    13
    Votes
    Steve Tse
    Pro Member
    13
    Votes |
    78
    Posts
    Steve Tse
    Pro Member
    Replied

    @Ellen Cheng

    What kind of personal info did you give up to Ownwell for them to protest on your behalf ?

  • Steve Tse