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District of Columbia Installments Fixed Rate Promissory Note Secured by Residential Real Estate District of Columbia Form

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District of Columbia Installments Fixed Rate Promissory Note Secured by Residential Real Estate District of Columbia Form

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hello this is deidre brown your settlement agent serving the district of columbia maryland and virginia today we're going to talk about the district of columbia's homestead tax deduction this tax deduction in the district of columbia is based on whether you live in your property as your principal residents it is not based on income in order to receive the homestead tax deduction you will need to complete and submit the application it is a very simple one-page application it is called the asd 100. you can obtain a copy of it from the office of tax and revenues website which is my tax.dc.gov or from your title professional for the 2020 tax year which runs from october 1st 2020 to september 31st 2021 the district of columbia will deduct seventy five thousand seven hundred dollars off the assessed value of your property before they calculate your real property taxes this is an average savings of six hundred and forty three dollars per year you submit the application as appr

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