Ignorance, laziness or an aversion to bureaucracy are sometimes the only things standing in the way between homeowners and lower property taxes. TurboAppeal lifted these barriers by making it a breeze to file property tax assessment appeals.

  • 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 software provided an “unprecedented technological leap in the tax appeal process and the greater market recognized the need to enhance their workflows,” said Casey Berman, managing director of Camber Creak, a real estate tech venture capital firm that was one of TurboAppeal’s largest investors before the acquisition.

Paradigm Tax Group’s purchase of TurboAppeal “will provide businesses and consumers alike with a holistic property tax solution previously unavailable in the industry,” said Mark Wanic, CEO of Paradigm Tax Group.

Property owners who believe their property is overassessed can collect evidence that corroborates a lower valuation and file an appeal, potentially resulting in lower property taxes.

TurboAppeal streamlines this cumbersome process.

“TurboAppeal asks the homeowner for their address and automates the rest, generating all of the evidence and detailed instructions for the homeowner to complete a simple form, sign, and mail,” TurboAppeal CEO Badal Shah said.

Users only pay if the appeal is successful.

TurboAppeal wouldn’t disclose its current success rate, but said that the startup has generated more than 100,000 appeals to date.

TurboAppeal partners with brokers and lenders to market its service and “help be their subject matter expert to educate their clients,” Shah said.

“We’ve seen tremendous success with broker outreach programs which generates a lot of calls and retention opportunities for them,” he added.

 

Email Teke Wiggin.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×