DC ups Homestead Exemption benefit

By April 28, 2015 Uncategorized

The District of Columbia’s Tax and Revenue Office announced they have increased the Homestead Exemption benefit to $71,400, which is applied against the property’s assessed value.

That translates into an annual benefit of $606.90 for homeowners who qualify.

The benefit is limited to residential property which must be occupied by the owner/applicant and must be the principal residence of the owner/applicant. 

Federal Title will continue to file the application on behalf of all homebuyers who qualify.

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