ValueAppeal, a Seattle, WA-based online property tax appeal service developed to help homeowners lower their property taxes, has raised $560,000 from individual investors.
This round, which follows an initial $1m round of funding earlier in 2010, will help the company expand its service nationwide, following successful localized deployments in several counties across the United States such as Clark County, NV.
Commenting on the deal, Charlie Walsh, ValueAppeal Founder and CEO, said that this additional funding would support this continued growth and customer acquisition efforts, which involve direct consumer outreach as well as targeted partnerships with other organizations whose users could benefit substantially from ValueAppeal’s services.
ValueAppeal’s proprietary technologies and patent-pending algorithms analyze a designated property and identify whether it is overassessed. It then provides a simple process for homeowners to develop a complete tax appeal online in minutes.
The service costs $99 and the company provides 100% refunds for customers whose assessments are not lowered using ValueAppeal’s evidence.