D.C.’s Tax Rate Maze: An Imperfect System Has Increased Property Taxes for Many Real Estate Owners
By Sydney Bardouil, Esq.If you own or manage real property in the District of Columbia and are wondering why your real estate tax bill has gone up in recent years, you are not alone. One common culprit is rising assessed value, but that may not be the main or only source of an increase.A less obvious contributor may be a new, different, or incorrect tax rate. Since tax rates vary greatly depending on a property's use, staying diligent when it comes to your real estate's tax class and …