Advertising Disclosures

Updated June 2024

Appeals, Protests, and Grievance

The percentage of Ownwell customers that receive a reduction on their assessment value is calculated based on customers who have completed an appeals process since 2021 in active Ownwell states.

The average assessment reduction percentage is calculated based on successful appeals in active Ownwell states since 2021 and has the formula:
(Original Property Tax Market Value Assessment / Final Property Tax Market Value Assessment) - 1

The average dollar savings are calculated based on customers who have been invoiced in active Ownwell states since 2021, but excludes customers with capped properties or with frozen assessment values.

Bill reduction

The percentage that saves is calculated based on our largest bill category of fully complete internet bill reduction operations starting in May of 2024.

The average dollar savings is calculated based on successful internet and phone bill reductions from 2024 that result in monthly savings.

The time to activate is estimated based on a normal person’s ability to enter information into the Ownwell online portal and submit a bill for bill reduction, assuming the information and bill is available on hand.

Exemption

The average first year savings is estimated based on the standard deduction(s) for Texas residents. Actual savings will vary depending on the county and other factors.

The average tax refund is calculated based on successful exemption activations with refunds in Texas since 2023.

The time to sign up is estimated based on a normal person’s ability to complete the Texas exemption application process on the Ownwell online portal, assuming an up-to-date driver’s license is available on hand.

Total Assessment Reduction:

The total assessment reduction is calculated by subtracting the sum of the final market values from the sum of the original market values, where neither value is null.

As of July 31, 2024, the total assessment reduction from 2021 to 2024 is $1,000,342,219.65.

The increase in assessment reductions is estimated by multiplying the average assessment reduction per customer by the average number of customers signing up per day. As of April 16, 2024, we assumed 100 sign-ups per day, with an average reduction of $22,349 distributed evenly throughout the day.