DC Council passes the Senior Citizen Real Property Tax Relief Act of 2013
If it passes, it will provide a significant savings to seniors who own property and have lived in DC for a significant time by exempting seniors who qualify from having to pay any property taxes on their residence. In order to qualify the resident must:
- Be at least 70 years of age,
- Have maintained DC residency for at least 20 years,
- Have a household adjusted gross income of less than $60,000, and
- Maintain total assets of $250,000 or less, excluding the residence
UPDATE: Mayor Vince Gray signed the "Senior Citizen Real Property Tax Relief Act of 2013" into law on March 25, 2014.