dc property tax large increase

[Anonymous]

Is anyone else seeing a large property tax increase for 2025?

Our assessment went up 3.7% but our taxes went up 14.8%.

did something change in the tax law?

thanks

[Anonymous]

mansion tax

This week, the DC Council voted on the revised Fiscal Year 2025 Local Budget,[1] reversing some budget and program cuts proposed in Mayor Bowser’s budget proposal.[2] To make up for fiscal gaps, the Council is raising some taxes, including a real property tax increase for residential properties assessed at above $2.5 million. The so-called “mansion tax” would separate class 1 properties into classes 1a and 1b. Properties assessed above $2.5 million would be deemed class 1b and would be subject to a $1.00 tax per every $100 of assessed value above $2.5 million, compared to the current $0.85. The tax increase would generate an additional $5.7 million in revenue for fiscal year 2025 and $23.7 over the course of the financial plan

thieves

[Anonymous]

The new Commander's stadium isn't going to pay for itself.

[Anonymous]

Anonymous wrote:mansion tax

This week, the DC Council voted on the revised Fiscal Year 2025 Local Budget,[1] reversing some budget and program cuts proposed in Mayor Bowser’s budget proposal.[2] To make up for fiscal gaps, the Council is raising some taxes, including a real property tax increase for residential properties assessed at above $2.5 million. The so-called “mansion tax” would separate class 1 properties into classes 1a and 1b. Properties assessed above $2.5 million would be deemed class 1b and would be subject to a $1.00 tax per every $100 of assessed value above $2.5 million, compared to the current $0.85. The tax increase would generate an additional $5.7 million in revenue for fiscal year 2025 and $23.7 over the course of the financial plan

thieves

Wow, huge jump there.

[Anonymous]

Anonymous wrote:mansion tax

This week, the DC Council voted on the revised Fiscal Year 2025 Local Budget,[1] reversing some budget and program cuts proposed in Mayor Bowser’s budget proposal.[2] To make up for fiscal gaps, the Council is raising some taxes, including a real property tax increase for residential properties assessed at above $2.5 million. The so-called “mansion tax” would separate class 1 properties into classes 1a and 1b. Properties assessed above $2.5 million would be deemed class 1b and would be subject to a $1.00 tax per every $100 of assessed value above $2.5 million, compared to the current $0.85. The tax increase would generate an additional $5.7 million in revenue for fiscal year 2025 and $23.7 over the course of the financial plan

thieves

This really flew under the radar. Maybe they let all that crime happen just to distract people from stuff like this.

[Anonymous]

Enjoying having the cheapest house ($1.4M) in a neighborhood full of mansions 🥂