DC Tax Abatement Program
Also known as DC’s Lower-Income Homeownership Exemption Program, it 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.
Additionally, the program provides a five-year real estate tax abatement that begins October 1 following your date of closing.
Below are the income limitations required to qualify for the program as of October, 2019.
Lower Income/Shared Equity Homeownership Exemption:
| Persons In Household | Household 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 Household | Household 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 |
Note the purchase price of the property shall not exceed $479,066.
For more on income limitations and the DC Tax Abatement Program, please see the Office of Tax and Revenue’s page here.
View our page on Comprehensive Guide to DC Tax Abatement