US-based TaxProper, which helps people stop overpaying on their property tax, has reportedly raised $2m in its funding round.
Khosla Ventures led the round, with additional support coming from Global Founders Capital, Clocktower Ventures and a number of angel investors, according to a report from TechCrunch.
The FinTech platform aims to help consumers save money on their property taxes by accurately valuing real estate and filling a tax appeal if the home has been over assessed. TaxProper claims that property tax is often done on mass and can lead to county assessors getting things wrong.
When a customer enters their address, the TaxProper algorithm will analyse every single property in the neighbourhood to estimate how much can be saved. It will then assemble all the forms, track deadlines and submit evidence to the county assessor.
A customer will be notified in six to eight weeks on the decision. TaxProper claims most of the appeals win and can even save the customer thousands on their tax bill.
The platform is currently available in 12 US states and in select counties. Some of the states TaxProper currently operates in include New York, California, Florida, Pennsylvania, Hawaii, Washington and Utah.
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