ValueAppeal, a Seattle, WA-based online property tax appeal service developed to help homeowners lower their property taxes, has raised $1.6m from existing investors.
The company intends to use the capital for additional hiring, continued expansion of its base of patent-pending technologies, and for additional strategic partnerships with other organizations whose customers could benefit from its services.
ValueAppeal will also move to larger headquarters offices in Seattle.
This latest funding follows two rounds totaling $1.5m raised in 2010 (read the news).
Founded in 2009 by CEO Charlie Walsh, ValueAppeal has developed proprietary technologies and patent-pending algorithms that analyze a designated property and identify, based on comparable property sales and other criteria, whether a property is overassessed.
It also provides a process for homeowners to develop a complete tax appeal online in minutes.