D.C. Tax Abatement Home Buyer Tips Misc Mortgage 101 Mortgage Planning
No Comments

Eligible home buyers will be exempt from paying property taxes for the first five years.  The five-year period Tax Abatement begins on October 1, after the deed has been recorded and a complete application has been submitted.

Eligible home buyers will also be exempt from paying recordation taxes and will also receive a credit from the seller for their portion of the transfer taxes.  Transfer & recordation taxes in Washington D.C. are 2.2% (split evenly between buyer and seller typically) for sales prices lower than $400,000 and 2.9% for sales prices of $400,000 or greater.

Minimum home owner requirements:

  • The property must be owner-occupied;
  • The owner must meet the income level requirement; and
  • Maximum sales price limit is $479,066

Current total household income limits apply to all those living in the property.




Click HERE to connect with us, or to have us contact you

Curious if you qualify?  – Call or email us directly, or  Pre-Qualify Here

Call us at (240) 670-5090 or email us at CJMT@mainstreethl.com


Lower Income, Long-Term Homeowners Tax Credit

For more information, call the Recorder of Deeds at (202) 727-5374.

For additional information, you may contact the Office of Tax & Revenue at 202-727-4829, 202-442-6712 or 202-442-6644.

For a copy of the latest abatement regulations and application click HERE.