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:

Economic Development Zones/Lower Income Hownership Exemption:

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.