With plans to enter an additional seven states this year, Chicago-based TurboAppeal may be one of the Midwest's fast growing tech startups.A property tax appeals firm, TurboAppeal currently serves homeowners in select counties of Illinois, Florida and Texas. Plans call for the firm to begin filing tax appeals for homeowners in Colorado, Georgia, Indiana, Maryland, Pennsylvania, Virginia and Washington this year. Homeowners lack property tax education In short the firm aims to ensure that homeowners are paying only their fair share of property taxes and aren't being over assessed."The homeowner doesn't really know if they're taxed correctly," said Badal Shah, CEO and co-founder of TurboAppeal. "Maybe they look at market value or search sales but that doesn't always tell if there's an opportunity for reduction."Shan and TurboAppeal encourage homeowners to appeal their property taxes every year, mainly because of recent year-over-year volatility in home values. Homes are...
- Roughly 75 percent of the tax appeals filed by TurboAppeal reap savings for homeowners.
- Average savings on property taxes achieved is seven percent.
- TurboAppeal was founded in 2015 and has filed for roughly 25,000 homeowners.