Reply to Vent: people who take the DC Homestead Deduction on properities they don't live in

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Reply to "Vent: people who take the DC Homestead Deduction on properities they don't live in"

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[quote=Anonymous][quote=Anonymous]How do you know how many people do this?[/quote]

Because you can look up peoples property tax bills online and it will say whether they claim the deduction or not. I discovered it years ago when our tax assessment went way up and I wanted to compare to similar homes in the area to see if it was consistent. I happened to look at one that I knew the owner rented out (because I’d known the owner when he lived there), saw he claimed the homestead deduction, and was surprised.

So then I looked at a bunch of rentals in my neighborhood and discovered the MAJORITY still claim the homestead deduction. Like out of maybe 10 I looked at, 7 or 8 claimed it. One had only recently become a rental so maybe there was lag, but the others hadn’t been owner-occupied for years.

It’s just a massive giveaway to people with investment properties that is intended to do the opposite (make it easier for people who live and work in DC to own homes here).

Anyway, you can see for yourself here: https://mytax.dc.gov/_/

Type in an address you know is a rental and look at their last bill. The deduction is listed in bold under the assessment.[/quote]

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