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Washington, D.C. Property Taxes The tax rate on residential property in D.C. is just $0.85 per $100 in assessed value.
The amount of tax due is determined by dividing the assessed value of the property by $100, and then multiplying that amount by the applicable tax rate for the property, as stated in the below chart. For example, your residential property is under the Class 1 tax rate, which is $0.85.
Washington DC Transfer Tax Rates Both the buyer and seller will pay this transfer tax total to the government. For example, a home bought and sold for $300,000 at a rate of 1.1% would come to $3,300.
1.1 % of consideration or fair market value for residential property transfers less than $400,000 and 1.45% of consideration or fair market value on the entire amount, if transfer is greater than $400,000. Note: For residential properties under $400,000, the rate is 1.1% of consideration or fair market value.
For transfers of property valued over $400,000 and up to $2 million, deed transfer (1.45%) and recordation (1.45%) taxes in Washington will continue to total 2.9% of the purchase price or fair market value of the property. Transfer and recordation taxes are customarily split equally between the buyer and seller.
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In Washington DC, Deed Transfer Tax is based on the consideration paid for the transfer. Where there is no consideration or where the amount is nominal, transfer tax is the fair market value of the property being conveyed.
Create a graduated state REET rate structure for sales of real property. Update controlling interest transfers (50% or more change of ownership in an entity that owns real property)....Graduated REET Structure. Sale price thresholdsTax rate$1,500,000.01 - $3,000,0002.75%$3,000,000.01 or more3%2 more rows
Washington DC Transfer Tax Rates Both the buyer and seller will pay this transfer tax total to the government. For example, a home bought and sold for $300,000 at a rate of 1.1% would come to $3,300.
There are exemptions to the real estate transfer tax in Washington, D.C. If the property's ownership is being transferred due to a divorce, no tax is charged. First-time home buyers can receive a tax abatement of the entire transfer tax if buying a home for less than $332,000.
1.1 % of consideration or fair market value for residential property transfers less than $400,000 and 1.45% of consideration or fair market value on the entire amount, if transfer is greater than $400,000. Note: For residential properties under $400,000, the rate is 1.1% of consideration or fair market value.

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