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Metropolitan DC Local Politics
Reply to "2024 property tax assesments"
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[quote=Anonymous][quote=Anonymous]Looks like DC figured out how to make up for lost commercial property tax and sales tax revenue without officially increasing tax rates. [/quote] I can't recall any year since I bought property in D.C. (so, back to 2005) when my property tax assessment didn't go up. But I also have never lost money selling real estate in D.C. Just because the market may be coming down slightly from recent peaks doesn't mean it's unfair to raise your assessed value -- and on top of that, let's not pretend this is some weird new thing the District just started doing. Most real estate in desirable locations tends to increase in value over time. Not exactly shocking that the tax values also go up. If you've got the homestead deduction in place, you can't be taxed on more than a 10 percent increase per year, anyway.[/quote]
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