Washington DC Headlines
DC Publishes Real Estate Tax Rates for Tax Year 2012
The District’s Office of Tax and Revenue recently published the following statutory real property tax rates for Tax Year 2012 (Oct. 1, 2011 – Sept. 30, 2012) : (1) Class One -- $0.85/$100 of assessed value; (2) Class Two: (a) first $3 million in assessed value -- $1.65; and (b) any assessed value in excess of $3 million --- $1.85; (3) Class Three (indefinitely vacant buildings) -- $5.00/$100 of assessed value; and (4) Class Four (blighted/condemned buildings) -- $10/$100 of assessed value. For details, please see the October “At Issue” (posted on AOBA’s home page.)
