UrbanTurf Reader Asks: What is the DC Tax Abatement Process Like?
In this installment of UrbanTurf Reader Asks, a reader inquires about specifics related to the DC Tax Abatement program and the experience of dealing with the DC Office of Tax and Revenue.
I was curious about UrbanTurf's readers familiarity with the DC tax abatement process from when you apply for it to when it actually happens. I am curious about the experience of applying for it and how it was working with the DC Office of Tax and Revenue.
UrbanTurf wrote about the tax abatement program back in May. The program offers a five-year exemption from paying property taxes for eligible buyers in the District. In addition, it exempts the purchaser from the 1.1% transfer and recordation taxes paid at closing, and provides the possibility of an additional 1.1% credit from the seller.
Post about your experiences in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor2010@urbanturf.com.
See other articles related to: dc tax abatement, urbanturf reader asks
This article originally published at https://dc.urbanturf.com/articles/blog/urbanturf_reader_asks_what_is_the_dc_tax_abatement_process_like/2630.
Most Popular... This Week • Last 30 Days • Ever
As plans for a street reconfiguration at the intersection of New York and Florida Ave... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
On Wednesday, Airbnb launched the Icons Collection, approximately a dozen "one-of-a-k... read »
Plans for another residential project in downtown Bethesda are moving forward.... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro