ATTENTION WASHINGTON, DC HOMEOWNERS!!

By
Real Estate Agent with Berkshire Hathaway HomeServices PenFed Realty

From the Office of Tax and Revenue website:

The housing market in the District of Columbia has caused a surge in the assessed value of residential real property. In an effort to limit the increase of real property taxes for homeowners, eligible homeowners will be provided an Assessment Cap Credit.

The Assessment Cap currently provides that a property may not be taxed on more than a 10 percent increase in the property’s assessed value each year. This credit does not reduce the assessed value of your property on the tax roll or the assessment notice, but it will appear as an automatic credit against your real property tax bill.

For more information, property owners may call the Customer Service Center at (202) 727-4TAX (727-4829).

If you have been denied the Assessment Cap Credit and you believe that you are eligible, please contact the Homestead Unit, PO Box 176, Washington, DC 20044 or call Customer Service at (202) 727-4TAX.

 

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Shantee Haynes
REALTOR®
Keller Williams Capital Properties
801 D Street NE
Washington, DC 20002
DIRECT: 202-355-5544
OFFICE: 202-243-7700

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Posted by

Shantée Haynes
REALTOR®
Berkshire Hathaway HomeServices PenFed Realty
216 7th Street SE
Washington, DC 20003
DIRECT: 202-355-5544
OFFICE: 202-608-1880

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Rainmaker
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Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

That is very different way of handling tax on housing.  Interesting.

Nov 29, 2012 11:56 PM #1
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Rainmaker
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Shantée Haynes

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