Realtor.com adds property tax appeal tool with Ownwell integration

Realtor.com has added a new feature to its My Home dashboard, allowing users to access property tax monitoring and appeals services through a partnership with Ownwell, a property tax appeal company.

The integration comes amid rising homeownership costs across the country, with property taxes often cited as one of the largest annual expenses after mortgage payments.

“We’re thrilled to partner with Realtor.com to make property tax savings more accessible to homeowners nationwide,” Ownwell CEO Colton Pace said in a statement. “Property taxes are a growing concern for millions of Americans, yet there’s limited awareness about available resources and ways to combat these rising costs.

“Realtor.com’s reach and trusted platform makes it the perfect partner to help us inform and ultimately reduce property taxes for more homeowners. This collaboration represents a major step forward in our mission to make real estate ownership costs more equitable and transparent.”

According to a recent survey conducted by Ownwell, 66% of homeowners who budgeted for property taxes this year said their bills exceeded estimates. Despite the financial burden, the company found that 53% of homeowners are unaware they have the right to appeal their property tax assessments.

A separate Realtor.com Property Tax Report estimates that 40.5% of U.S. properties may be overassessed.

Ownwell reports that it has helped reduce property tax assessments by more than $10 billion. The company claims 86% of its appeals result in tax reductions — saving customers an average of $1,100 annually.

“This is one more resource available to homeowners on Realtor.com so they can potentially save significant money on one of their largest annual home expenses, property taxes,” David Masters, senior director of product at Realtor.com, said in a statement.

“We are excited to integrate Ownwell’s proven property tax savings service directly into the Realtor.com My Home dashboard and help our users navigate the home ownership journey with more ease.”