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DC Tax Abatement Program

The DC Tax Abatement Program provides an exemption from the DC 1.1% Recordation Tax and an allowable credit from your seller(s) of 1.1% equal to the DC Transfer Tax. Additionally, the program provides a five-year real estate tax abatement that begins October 1st following your date of closing. In order to qualify, the total gross household income must not exceed:

  • $53,760 for 1 person in household
  • $61,440 for 2 persons in household
  • $69,120 for 3 persons in household
  • $76,800 for 4 persons in household
  • $82,920 for 5 persons in household
  • $89,100 for 6 persons in household
  • $95,220 for 7 persons in household
  • $101,400 for 8 persons in household

In addition to meeting the above salary requirements, the property must be owner-occupied by a first-time homebuyer and the purchase price of the property shall not exceed $326,760.00.

You will be required to provide the closing agent copies of the following:

  • Copies of your tax returns from the last two years,
  • Copies of your W-2s from the last two years,
  • Copies of your two most recent paystubs.

For more information in this program, please contact Federal Title & Escrow Company or your Realtor.

(Qualifying Income Table Effective: 04/27/2009)