TaxProper
TaxProper, a subsidiary of Opendoor, provides advanced property tax software and services for real estate buyers and operators, featuring tax forecasting, automated payments, and a risk-free tax appeal service.
Company Overview
TaxProper, now operating as a wholly-owned subsidiary of Opendoor, provides enterprise-grade property tax software tailored for real estate buyers and operators. Originally named taxProper, the company is headquartered in Chicago, IL, and operates with a dedicated team of 8 professionals. Since its acquisition by Opendoor, TaxProper continues to be led by its co-founders and serves regions across the United States, including partly remote and fully remote areas.
Services
TaxProper offers a suite of services designed to streamline property tax management for real estate stakeholders. Key services include comprehensive property tax and assessment data, property tax appeal management with a risk-free model, accounting software integration, and automated property tax payments. TaxProper provides nationwide property tax forecasting estimates and instant scenarios via both a user-friendly Portal and API integration. Additionally, the system accounts for every local millage rate, special assessment, taxing district, and assessment cycle.
Products
The core product of TaxProper is its property tax software which simplifies the tax management process for real estate buyers and operators. This software integrates features such as property tax forecasting estimates, instant scenario analysis, and automated property tax payments. Clients can benefit from a risk-free property tax appeal service where payment is only required if the tax bill is successfully reduced, with a fee of 30% of the appeal savings. The software manages over 115,000 parcels amounting to a total real estate value of $25 Billion.
Industry and Market
TaxProper is positioned within the Real Estate and Construction industry, specifically targeting the niche of property tax management. Since its inception, the company has catered to the needs of real estate buyers and operators by providing tools for efficient tax assessments and appeals. Its integration capabilities with accounting software and automated payment systems distinguish it in the market. The company serves a diverse client base across the United States and offers its services in various formats, including remote operations.
Y Combinator and Acquisition
TaxProper was a part of the Y Combinator's S19 batch, a prestigious startup accelerator program. This involvement provided the company with significant leverage and exposure in the tech and real estate sectors. In recent developments, TaxProper was acquired by Opendoor, a leader in the e-commerce platform for residential real estate transactions. Post-acquisition, TaxProper operates as a wholly-owned subsidiary of Opendoor, maintaining its original leadership and continuing to expand its service offerings and market reach.