ELI5 the DC loophole that makes it more attractive to have vacant DC commercial real estate

Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:DC should disincentivize a property sitting vacant long term.


They do - there’s a penalty tax rate for vacant or blighted commercial and residential properties

https://otr.cfo.dc.gov/page/real-property-tax-rates

That is not enforced.


Oh it’s definitely enforced. I’m living through a renovation and the incompetent “vacant buildings” department of DCRA has repeatedly harassed me by “deeming my property vacant” just because it looks like a construction site at the moment. I’ve repeatedly demonstrated that I live here, and they agree, and then another DCRA inspector comes and slaps another sticker on threatening to tax me at exorbitant rates.

That must be a recent development.
https://wamu.org/story/17/09/21/d-c-failed-enforce-law-vacant-blighted-homes-says-audit/


2017 was....5 years ago.
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