Vacant Property Tax or Listing Tax ?!

Reblogger Darrin Friedman
Real Estate Broker/Owner with Berkshire Hathaway HomeServices The Preferred Realty


This information was sent to the local Realtor Association this morning.  It seems a bit crazy to me!  It is true we have a bunch of vacant properties; but this is going a bit far.

Mayor Fenty has proposed the creation of a $250-$5,000 Vacant Property Registration Fee.  
In the Mayor's proposed fiscal year 2010 Budget Support Emergency Act, which could be voted on as early as next week without a hearing, and in his proposed fiscal year 2011 budget, if a property is unoccupied for 30 days, the owner is REQUIRED to file a vacant property application with DCRA and PAY a fee for that privilege. 
The initial registration fee will be $250.
The renewal registration fee for the first renewal year will be $500.
The renewal registration fee for the second renewal year will be $1,000.
The renewal registration fee for the third renewal year will be $2,500.
The renewal registration fee for the fourth renewal year will be $5,000.

The revenue created by this potential fee is staggering - almost $8 million in just over 4 years. 

The following existing exemptions WOULD BE ELIMINATED in the Mayor's proposals:
For Sale properties, For Rent properties, newly-constructed properties, properties under active construction, properties that are subject to probate, and properties subject to fire, flood, or other casualty.   
Only properties owned by a foreign government, the United States' government, and the District government would be exempt from this fee.
REALTORS® and their clients need to be able to list their properties without having to worry about paying a Vacant Property Registration - in effect A LISTING TAX.  Contact a DC Councilmember today.  Tell them:

NO to a Vacant Property Registration Fee 
NO to a de facto Listing Tax
NO to the District grabbing more money from property owners

E-mail all Councilmembers

To contact individual Councilmembers:

Council Chair Vince Gray: 202-724-8032 
At-Large Councilmember Michael Brown: 202-724-8105
At-Large Councilmember Kwame Brown:  202-724-8174
At-Large Councilmember David Catania:  202-724-7772
At-Large Councilmember Phil Mendelson:  202-724-8064
Ward 1 Councilmember Jim Graham:  202-724-8181
Ward 2 Councilmember Jack Evans:  202-724-8058
Ward 3 Councilmember Mary Cheh:  202-724-8062
Ward 4 Councilmember Muriel Bowser: 202-724-8052
Ward 5 Councilmember Harry Thomas, Jr.:  202-724-8028
Ward 6 Councilmember Tommy Wells:  202-724-8072
Ward 7 Councilmember Yvette Alexander:  202-724-8068
Ward 8 Councilmember Marion Barry: 202-724-8045

Call them today - or get ready to pay up!




Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!

Office: 202-362-5800   Cell: 703.244.3971

Licensed in Washington DC, Virginia & Maryland.

Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW  Suite 100 * Washington DC 20016




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Bryan Watkins
LRA Real Estate Group - Mesa, AZ

James and Darrin. Glad I don't iive in your city. the politicians smell money. it is easier to get from someone who will not yell at them. good post.

Apr 16, 2010 05:14 PM #1
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

James and Darrin,

Now that is a very interesting tax.  Not smart but interesting none the less.

Apr 16, 2010 05:34 PM #2
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