What's the benefit of the DC First Time Homebuyer Recordation Tax Deduction

What's the benefit of the DC First Time Homebuyer Recordation Tax  Deduction

What’s the Benefit?

DC First-Time Recordation Tax is reduced to 0.725% from customary 1.1% or 1.4%.

Qualifications*

  • Homebuyer* has never owned a principal residence in the District of Columbia.
  • Homebuyer must qualify for the DC Homestead Deduction.
  • Purchase price cannot exceed $632,500.
  • Total Household Income cannot exceed defined thresholds listed below:
  • Persons in Households / Income Limits
      • 1 / $147,780
      • 2 / $168,840
      • 3 / $189,900
      • 4 / $210,960
      • 5 / $227,880
      • 6 / $244,800
      • 7 / $261,720
      • 8 / $278,640

Updated: 10/13/18

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