Ownwell, a property tax optimization platform, has raised $50 million in Series B funding. The company combines proprietary technology, AI, and local property tax experts to handle end-to-end property tax appeals, exemptions, insurance rate monitoring, and bill reductions for residential homeowners, commercial property owners, and real estate investors. The capital will fuel national expansion.
PropTech Tackles Tax Overpayments
The timing aligns with rising property values and tax burdens driving demand for automated relief solutions. Ownwell's contingency model—pay only if savings are achieved—lowers barriers for everyday owners, differentiating from upfront-fee services.
U.S. homeowners and investors often overpay property taxes due to flawed assessments and missed exemptions. Ownwell's traction underscores the scale: $400M+ saved since 2020 across $182B in real estate managed. Traditional DIY appeals or costly lawyers achieve far lower success rates and savings.
Hybrid AI-Expert Model Wins Appeals
Ownwell built a full-stack platform integrating AI-driven data analysis with licensed local experts for filings across residential and commercial properties. This delivers an 88% success rate on 240K+ appeals won since 2021. Customers see average $774 annual savings per residential account—31.1% higher than competitors.
The approach extends beyond taxes to insurance monitoring and utility reductions, creating holistic bill optimization. Unlike software-only tools, Ownwell's expert layer ensures compliance and maximizes outcomes in complex local regulations.
Series B Fuels National Growth
The $50M Series B validates Ownwell's model amid proptech's shift toward back-office automation. Investors recognize the contingency fee's power to scale services previously reserved for large portfolios. This positions Ownwell to capture more of the massive property tax market.
Savings Landscape Expands Rapidly
Ownwell manages $182B in real estate across key states like Texas, Florida, Georgia, California, New York, and Washington. With 3,000+ Google reviews averaging 4.7/5, customer trust reinforces its edge. As property taxes climb with home prices, hybrid tech-expert platforms signal a market pivot from manual processes.
The funding enables deeper penetration into multifamily, office, retail, and industrial segments. Ownwell's 88% win rate and proven savings highlight proptech's role in democratizing financial relief for real estate owners.