- Debuts two commercial real estate tax products for Washington, D.C.; helps owners appeal their own tax assessments and provides a single point of access for information that explains how D.C. assets are assessed
- Taxonics is the brainchild of the real estate tax experts at Cavalry Real Estate Advisors
- Seed-funding and expansion to additional tax jurisdictions and products underway
WASHINGTON–(BUSINESS WIRE)–#proptech—Taxonics, the commercial real estate tax information platform, launched two new products to help Washington, D.C. owners, and investors better understand, manage, and reduce their real estate tax burden.
Taxonics PROTECT helps owners appeal their own real estate assessments and reduce tax expenses. PROTECT automatically reviews customer assessments, determines if there is an appeal opportunity, identifies potential tax savings, and provides step-by-step instructions on how to appeal an assessment specific to each property.
Taxonics INFORM explains everything owners and investors need to know about how real estate assets are assessed in Washington, D.C. INFORM empowers the real estate community to confidently estimate real estate tax expenses during the entire real estate life cycle, reducing risk, and improving investment outcomes.
“Commercial real estate taxes are the single biggest operating expense for commercial real estate owners. We see an underserved market amongst small and medium-sized portfolios that would benefit from a self-service appeal model,” said Taxonics Founder & CEO, Ross Litkenhous. “Institutional investors also need better tools and information to help inform real estate tax decisions during budgeting, forecasting, and due diligence. Taxonics will serve those real estate tax needs across the industry, and country.”
A seed-funding round is currently underway to scale development and growth. The capital raise will allow Taxonics to expand its product development and engineering capacity to meet demand outside of Washington, D.C.
“Washington, D.C., is our backyard. Our tax team and developers know the market better than anyone, so launching here makes perfect sense,” said Galen Sencil, Co-Founder & Head of Product. “This launch is just the beginning of our journey. INFORM and PROTECT will continue to evolve, and our roadmap for expansion both geographically and technologically is robust. Our goal is to become the most-trusted and trafficked real estate tax platform in the United States.”
To learn more about Taxonics, visit www.taxonics.com.
Taxonics is a real estate tax technology platform empowering commercial real estate owners, investors, and developers to make more confident real estate tax decisions. Taxonics marries quality commercial real estate data with powerful analytics to provide a self-service platform that enables customers to navigate the world of real estate tax like a pro. Taxonics products provide customers with the tools, data and expertise needed to understand, appeal, budget and manage their real estate taxes across the entire real estate life cycle.
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