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FR 399 Otr the District of Columbia Otr Cfo Dc 2014

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hello my name 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 rural property tax abatement the official name is the lower income homeownership tax abatement if you are a buyer and are purchasing a property in the district of columbia as your principal residence and fall within the income guidelines you can request that you are not accessed real property taxes for five years in addition the buyer would not have to pay the 1.1 recreation tax and the seller will need to give the buyer credit with lender approval for the 1.1 percent transfer tax this is a great tax abatement program for those who qualify in order to qualify for the program the property must be owner occupied you have to meet income requirements and the property value must be less than 484 thousand dollars for the 2020 2021 tax year this number changes every october first because this is when the tax year

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DC FR-399 2021

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DC FR-399 2014

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DC FR-399 2013

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DC FR-399 2005

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