DC Tax Abatement Program

By October 7, 2019 Purchase
DC Tax Abatement

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.

Updated: 10/7/2019

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