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