What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
DC Bill Would Exempt Seniors From Property Taxes
It was part of her platform when she was running for DC’s At-Large City Council seat, and now Anita Bonds is making good on her promise.
The councilwoman recently introduced a bill that would exempt DC homeowners who are over the age of 75 and have lived in DC for at least 25 years from paying property taxes, DCist reported on Tuesday. The exemption would be limited to seniors making $60,000 a year or less.
From DCist:
As far as ensuring that the tax break only goes to people who meet the residency requirement, [Bonds’ spokesperson] David Meadows says people would sign an affidavit claiming they have been in D.C. for at least 25 years. “Let’s say it goes into effect in for 2014 taxes, which are filed in 2015,” Meadows says. “That’s 1990. Property tax records are on file.”
DC already has some tax relief in place for seniors. Once a city resident reaches the age of 65, they can file an application for “disabled or senior citizen property tax relief.” If the adjusted gross income of the household is less than $100,000, the property tax owed will be reduced by 50 percent.
See other articles related to: anita bonds, dc city council, dcist, property taxes, senior citizens exempt dc
This article originally published at https://dc.urbanturf.com/articles/blog/dc_bill_would_exempt_senior_homeowners_from_property_taxes/7158.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
A new hotel has been pitched for a development site in Mount Vernon Triangle that has... 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