DC Tax Abatement Program

Dated: 06/10/2020

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The district of columbia also have lower Income Home ownership tax Exemption Program.  In order to qualify, your income must fall under the household income limits against all person(s) in the household. The purchase price of the property shall not exceed $479,066.00.

This program provides an exemption from the DC 1.1% (or 1.45% depending on the purchase price) Recordation Tax and an allowable credit from the seller(s) of 1.1% (or 1.45% depending on the purchase price) equal to the DC Transfer Tax. The program also provides a five-year real estate tax abatement that begins October 1 following your date of closing.

Lower Income/Shared Equity Homeownership Exemption:

Persons In HouseholdHousehold Income Limits
1$65,220
2$74,520
3$83,820
4$93,120
5$100,620
6$108,060
7$115,500
8$122,940

Economic Development Zones/Lower Income Hownership Exemption:

Persons In HouseholdHousehold Income Limits
1$93,400
2$106,750
3$120,100
4$133,450
5$141,750
6$141,750
7$141,750
8$141,750

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Danny Leung

無論您是準備搬新房子,或想找到投資的房地產在華盛頓DC, 弗吉尼亚州, 和 马里兰州 地區,我也可以幫助您! Whether you a....

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