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.
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.
This article originally published at http://dc.urbanturf.com/articles/blog/dc_bill_would_exempt_senior_homeowners_from_property_taxes/7158
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