Income, purchase price limits for DC Tax Abatement increase

Income, purchase price limits for DC Tax Abatement increase

The purchase price and qualifying income limits for the District of Columbia's popular tax abatement program have gone up, according to the Office of Tax and Revenue, which should be good news for local homebuyers who have seen median home prices soar over $500,000 in recent months.

Under the latest guidelines, purchase price may not exceed $408,000. Somewhere in the neighborhood of 400 homes are currently on the market in Washington, DC at a list price that meets the purchase price qualification for DC Tax Abatement, based on a quick search on Home Snap.

Limits on household income, the other major qualifying factor for DC Tax Abatement, also increased. Review the income qualification table below:

Persons in household
Household income limits
1.
$57,120
2.
$65,280
3.
$73,440
4.
$81,600
5.
$88,140
6.
$94,680
7.
$101,220
8.
$107,760

For those who haven't stopped by in a while, we recently revamped our page on the DC Tax Abatement program. There we answer several commonly asked questions about the program and address some of the finer points on qualification criteria. The topic of household income, for example, is a popular one.

The DC Tax Abatement program is one of our favorite topics to write about. Check out our collection of articles on DC Tax Abatement to learn more about how the program works and how to qualify.

Related Articles

Leave a comment

You are commenting as guest.
  • Ways to save at closing

    Title charges are the largest chunk of closing costs and can vary by hundreds of dollars.

    Learn more

  • What are closing costs?

    The real estate closing process involves loan steps, legal steps and title steps.

    Learn more

  • What's title insurance?

    Insure your legal ownership just like you'd insure the building, but for lots cheaper.

    Learn more

Connect with us


Our blog contains general information only, not intended to be relied upon as, nor a substitute for, specific professional advice. Rate tables and figures that appear on our blog are deemed reliable but not guaranteed. For current rates & policies, refer to our Quick Quote and Consumer Guide. We accept no responsibility for loss occasioned to any purpose acting on or refraining from action as a result of any material on our blog.