Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services.
This is Valon’s latest move to upgrade its mortgage servicing platform. The company recently raised $100 million in Series C funding to boost product development and outreach. According to Valon, the new partnership with Ownwell aligns with its mission to put financial power in the hands of homeowners.
“Ownwell is super excited to announce our partnership with Valon, and even more excited to provide transparency and reduce property taxes for thousands more homeowners,” Ownwell CEO Colton Pace said in a statement. “Valon and Ownwell are both on a mission to empower homeowners to make better financial decisions, and we can’t wait to see the impact we can have working together.”
“Partnering with Ownwell is another example of Valon striving to make homeownership more affordable,” Jake Mintz, chief product officer for Valon, said in a statement. “We’re thrilled to work with the experts at Ownwell and, based on our testing last year, we expect to save homeowners millions of dollars from incorrect appraisals in 2025.”
Over-assessed homes are likely to lead to higher property taxes, according to Ownwell. The company said that commonly used, outdated appraisal systems often produce incorrect home values. And aftermath is costly for homeowners.
Ownwell referenced a report on tax payments by the National Taxpayers Union Foundation. The report found that up to 60% of homeowners overpay on property taxes — and about 95% don’t contest these payments. Low- and middle-income borrowers are also most likely to receive higher-than-normal property tax assessments.
Ownwell also released a report in January that analyzed property tax payments in Texas between 2022 and 2024. The report found that homeowners who didn’t protest their property taxes had an average market value that was 1.58% higher than those who did.
Ownwell can identify an over-assessed home and formally request a reduction on the homeowner’s behalf. According to Ownwell, 85% of its customers receive a reduction after using the service, and they save roughly $1,100 on average. The company said it has reduced assessments by more than $10 billion in total.
This isn’t Ownwell’s only headlining partnership with an online mortgage technology platform. It also joined with Haven to offer property tax monitoring and appeals to consumers.
