Industry NewsTechnology

Lower your real estate taxes

ValueAppeal says about 25% of homes are over-assessed
Published on Mar 14, 2011

Hacker Connect January 16 in New York
An event for and by the real estate tech community

About a quarter of the nation's homeowners pay more than their fair share of property taxes every year, by the estimates of Seattle-based ValueAppeal, a company that charges a fee to assist customers in appealing their tax assessment. The fee is refundable if the appeal is unsuccessful.

ValueAppeal analyzes whether a particular home is over-assessed compared to nearby, similar properties. The company's proprietary algorithm takes into account several factors, including a home's number of bedrooms and bathrooms, construction quality, age, condition, square footage, grade, and whether it has amenities like a golf course or an exceptional view.

Property-tax assessments are created by running an automated valuation model over homes in the county, said Charlie

Comments