Today, we are announcing Intuit Ventures’ investment in Ownwell, a property tax monitoring and appeal services provider, dedicated to helping homeowners, property owners, and investors reduce their property tax expenses. We’re excited to be part of the company’s Series B round led by Alpha Edison and Mercato Partners.
Real estate represents both the largest asset for most individuals and the most significant portion of their expenses. Therefore, real estate should be at the center of most households’ financial planning, yet many homeowners are not aware of the steps they can take to optimize this asset. While high-net-worth families hire professionals to navigate the complexities of managing real estate as an asset, the majority of consumers lack the resources, time, or expertise to optimize their home’s ROI, missing out on substantial potential savings. For example, up to 40% of homes in the US are over assessed, while only an estimated 5% of property owners appeal their property tax assessments. Ownwell addresses this gap by simplifying the process, making it accessible and manageable for the average consumer.
Ownwell has filed over 1 million appeals for its customers and has unlocked the appeals process for hundreds of thousands of homeowners. In addition to helping homeowners save on property taxes, Ownwell also helps homeowners save through its tax bill management, mortgage, home insurance, energy saving, and bill reduction services. Ownwell has built done-for-you experiences that simplify homeowners’ lives and help them save on these significant expenses.
Intuit Ventures invests in world-class startups that are powering prosperity for consumers and businesses. We were impressed with CEO Colton Pace’s vision to help millions of homeowners and save money for the consumers who need it most. We’re proud to support the Ownwell team as they continue to deliver a product that creates holistic, money-saving experiences for consumers.
To learn more about Intuit Ventures, visit our site and follow us on LinkedIn.