DC Tax Abatement Program 2018 Updates

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For the latest DC credit program, please view information here on DC’s Newly Enacted First-Time Homebuyers Recordation Tax Reduction program that went into effect October 1, 2018.   

Purchase price and income thresholds to qualify for the popular DC Tax Abatement Program have increased, making it easier for more homebuyers to become homeowners.

The District of Columbia Office of Tax and Revenue increased the purchase price threshold to $464,000 from $456,000.

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5 Things to Know About DC Tax Abatement

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As a homebuyer, it is important to be aware of programs you can benefit from in order to reduce the overall cost of the process of buying a place to live.

The DC Tax Abatement program is one such opportunity that a homebuyer can and should take advantage of.

However, there are qualifications that a homebuyer must meet in order to become eligible for this program, and it is important to stay informed on what these are.

 

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