DC Tax Abatement Program
The DC Tax Abatement Program provides an exemption from the DC 1.1% Recordation Tax and an allowable credit from your seller(s) of 1.1% 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.
In order to qualify, the total gross household income must not exceed:
|Persons in household||Household income limits|
In addition to meeting the above salary requirements, the property must be owner-occupied by a first-time homebuyer and the purchase price of the property shall not exceed $367,200 $375,200.
Proof of assets
You will be required to provide the closing agent copies of the following:
Copies of your tax returns from the last two years,
Copies of your W-2s from the last two years,
Copies of your two most recent paystubs.
Updated 11/17/2014 | This information is deemed reliable but not guaranteed.