DC Code §42-1101(17) Archives - Jackson & Campbell, P.C.

21 Sep 2018 | Roy L. Kaufmann

D.C. Announces New Tax Rates for First-Time Homebuyer

Washington, D.C.’s innovative First Time Homebuyer’s tax rate reduces the recordation tax to .725 percent. The statute is found at Official Code §42-1101(17). The tax rate and value of the property changes from year to year based upon the C.P.I. Effective on October 1, 2019, the purchase price may not exceed $632,500 and the income for a single-member household may not ... Read More

TAGGED: First Time Homebuyer’s tax rate, Official Code §42-1101(17), DC Code §42-1101(17)