Coming soon: Software that appeals property taxes
CHICAGO – Feb. 23, 2017 – A technology startup, TurboAppeal, says it has created a software program that “puts the homeowner in more control of lowering their property taxes.” For a flat fee of $29, the company claims that its software might be able to lower a homeowner’s property tax bill.
“We have spent the past year building this completely transparent product that places all the needed appeal evidence in the hands of the homeowners for a small fraction of what they would normally pay,” says John Guidos, co-founder and COO of TurboAppeal.
How it works
Homeowners type in their address and TurboAppeal’s “machine-learning algorithm” checks to see if an appeal is warranted for the current year. It considers an appeal warranted if there is enough evidence, in the form of comparable properties, available in the taxing jurisdiction that could potentially lower the homeowner’s property taxes.
After creating an account, the customer has one year (365 days) of access to the comparable properties, official forms and educational resources needed to file appeals.
The service is currently available in Miami-Dade County and a handful of other larger U.S. cities, but the company says it plans to expand in 2017 into an additional 56 counties.
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