AgentTechnology

TurboAppeal, property tax appeal tool, acquired by Paradigm Tax Group

TurboAppeal can help homeowners lower their property taxes with little effort
  • Paradigm Tax Group purchases startup and validates tool that automates property tax appeal process.

Ignorance, laziness or an aversion to bureaucracy are sometimes the only things standing between homeowners and lower property taxes. TurboAppeal lifted these barriers by making it a breeze to file property tax assessment appeals. "Most homeowners don’t know that they can appeal their property taxes, so we work with national and local real estate brokerages and lenders to help raise awareness by co-marketing this service together which adds value to a home by reducing its liability," said TurboAppeal CEO Badal Shah. Validation of the service came today with the announcement that Paradigm Tax Group, a property tax consultancy, had purchased the startup. Terms were not disclosed, but a person familiar with the deal confirmed that the startup sold for more than $10 million. The acquisition marks the culmination of a partnership under which TurboAppeal and Paradigm had already designed a version of TurboAppeal for commercial real estate companies. TurboAppeal's...