Ownwell Reviews 2024 | Is this Company Scam or Legit?
Ownwell is a US-based property tax negotiation service that assists homeowners in reducing their property taxes. Ownwell employs a team of local, experienced negotiators to assist homeowners in navigating the property tax appeal process in their county. The platform claims to have saved homeowners thousands of dollars on their property taxes.
Ownwell operates by requiring users to provide basic property information such as address and assessed value. Ownwell representatives will evaluate the case and determine if they can save money, then proceed with the appeal process on behalf of the homeowner.
Ownwell Reviews
| Information | Details |
| Website | https://www.ownwell.com/ |
| Founded year | 2020 |
| Category | US-based property tax organization |
Is Ownwell Legit or Scam?
Yes, Ownwell is legit. Ownwell, an Austin-based startup, simplifies and simplifies property tax appeals for homeowners and investors. Ownwell.com offers a $20 credit as a 25% discount on their services.
Ownwell is a legitimate company. The company, based in Austin, currently has 42 employees on LinkedIn. Colton Pace was the founder of them. Ownwell, a rapidly expanding company, has proven its legitimacy by successfully protesting property taxes last year.
Ownwell Customer Reviews
Ownwell, a property tax appraisal company, has received mixed reviews from customers. Some customers reported a 50% increase in their property tax appraisal, while others found that their neighbors’ tax appraisal remained the same. Ownwell only managed to reduce the appraisal by 10%, charging based on the previous year’s rates, despite their website stating they would charge based on actual savings. Others were satisfied with the results and the ability to lower their property’s taxable value.
Ownwell’s services were also praised by others who used them to challenge the city and county’s inflated appraisals. They won the fight and saved almost $200 per year, earning them a customer for life. However, others were disappointed that Ownwell failed to reduce their property taxes for two consecutive years, despite their neighbors receiving substantial reductions.
Some customers were warned that Ownwell may auto charge without authorization, and others were satisfied with the results of their assessment. Others were skeptical but found Ownwell to be as good as their word, with fantastic customer service. The appeal process was time-consuming, but Ownwell successfully negotiated a lower amount on their behalf, and the fee was fair.
Pros and Cons
Pros
Cons
Ownwell Cancellation Process
Ownwell will automatically monitor your property taxes after signing up and appeal any opportunities for savings. They will notify you at the start of the tax season before filing an appeal, and you can change your preference at any time in your property portal. If you have already received a reduction this year, any outstanding balance for services already performed will still apply.
A current appeal can only be canceled before it is filed. They will inform you at the start of the tax season before filing an appeal on your behalf.
To cancel your service with Ownwell, follow these steps:
Ownwell Refund Policy
When your property value goes down after an appeal, you might get money back in the form of a property tax refund. The government figures out how much based on your new property value and sends it to you or your Escrow account.
If you paid all your taxes at once, you might get a check. If you paid in installments, they’ll adjust your future payments. Just remember, you might have to pay taxes on the refund, so it’s good to ask a tax expert for advice.
Ownwell Comparison with Competitors
Ownwell vs Ryan
Ryan, a 33-year-old US-based global tax services and software provider, specializes in the financial services industry. The company offers tax recovery, consulting, advocacy, compliance, and technology solutions to improve tax performance and profitability for clients. Ryan’s services include blockchain, cryptocurrency, business services, construction, food services, government contractors, healthcare, pharmaceuticals, manufacturing, oil and gas, real estate, retail, technology, telecommunications, transportation, and utilities. Established in 1991, Ryan is based in Dallas, Texas.
Ownwell, a US-based company, specializes in controlling real estate ownership costs by offering proprietary software to identify overpaying property owners and manage the process of reducing these costs through tax appeals, exemptions, and corrections. Founded in 2020, Ownwell primarily serves the real estate industry.
Ownwell contact details
You can call at these numbers:
The customer service hours are from Monday to Friday, from 8am to 7pm Central Time.
Social Media Platform
FAQs
How Much Does Ownwell Charge?
Ownwell charges a 25% fee for their services, with no upfront fee. They don’t charge if they can’t save money, such as reducing property taxes by $1,000. For instance, if they can save $250, you would only owe $250 to Ownwell.
How do I cancel my Ownwell account?
You can cancel your subscription at any time by contacting them through the provided contact information, and your cancellation will take effect at the end of the current paid term. If you’re unsatisfied, contact them at (512) 886 2282.
How do they keep their information safe?
They use organizational and technical security measures to protect your personal information, but they cannot guarantee internet security. Transmission of information is at your own risk, and accessing our Services should be within a secure environment.