DC Council Passes First Reading of Bill Nixing Property Tax for Some Seniors

  • January 7th 2014

by Lark Turner

DC Council Passes First Reading of Bill Nixing Property Tax for Some Seniors: Figure 1

Some elderly homeowners in DC could eventually see their property taxes disappear.

Legislation introduced by Councilmember Anita Bonds, which would exempt homeowners aged 75 and older from paying property taxes, was given initial approval by the Council on Tuesday. Only those senior citizens who have lived in DC for 15 consecutive years and have an annual income of $60,000 or less would be eligible.

The measure passed unanimously on its first reading, but changes are expected to the bill before the second reading. It’s expected to cost $16 million over four years and still has a ways to go before becoming law.

Councilmember Bonds says the measure is a way to say “thank you” to DC’s longtime residents facing dramatic property tax increases. Critics contend that the measure doesn’t address renters and is unnecessary: the District currently offers a 50 percent property tax reduction to homeowners over the age of 65 with an adjusted gross income under $100,000.

See other articles related to: anita bonds, property taxes

This article originally published at https://dc.urbanturf.com/articles/blog/council_passes_bill_nixing_property_tax_for_some_seniors/7964.

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. Visit guides.urbanturf.com or start browsing below!