Finovate Startup 2009 Video Archives >> LowerMyAssessment


Website: www.lowermyassessment.com
HQ Location:
Sunnyvale, California
Company Founded: October 2006
Product Being Demoed: To be announced at FinovateStartup09
Product Launched: To be announced
Metrics: $35M in personal loans issued to date, 4x year over year growth in loan volume from 2007 to 2008




Presenter Profile How they describe themselves: In the current economic climate residential properties (1-4 family) often remain assessed at levels significantly higher than the true market value. The tax assessment cycle can take considerable time to correct to current market conditions. Our proprietary FairValue Calculator guides site visitors to enter a property address and click “Check Your Value for Free”. Within seconds their property’s market value is compared to property tax assessment records to determine if the property is fairly, over, or under-assessed. Qualified property owners register, answer several questions, and purchase our FairValue Report using our secure check-out. The report provides the completed forms required by their taxing authority and a market-approach based valuation report. In most cases the client simply reviews, sign/dates and mails the forms to their local assessor or board of equalization to obtain a review and/or hearing.

What they think makes them better: Competing sites offer blank forms or kits that require the user do much of the research and prep work while navigating a complicated appeals process. We include a customized value report which can save the customer $300 to $500. We deliver everything needed to appeal your property tax: an AVM based appraisal, instructions, forms required by the taxing authority (filled out) and appendix. We even include a pre-addressed envelope to send to their local property tax authority. Simple, Accurate, Fast, Economical.

Executives: James Deanne (CEO and Managing Member), Greg Hauth (Consultant and Member), Shawn Sheridan (CIO and Member)

Customers: Customers are residential property owners. We estimate market size to exceed 4 million residential units.

Contacts:
Biz Dev, Sales and Press: James E. Deanne, 877-908-7191 ext 210, 206-459-8401 mobile, james.deanne@lowermyassessment.com
Greg Hauth, 877-908-7191 ext 212, 425-359-5498 mobile, greg.hauth@lowermyassessment.com

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