1. Learn about this resource. 

Homeowners can get up to five years of tax abatement for their property taxes, meaning they do not have to pay property taxes on their home for up to five years. This benefit starts on October 1st of the year that you apply for the program. With this program, you also do not have to pay the recordation, meaning you would not have to pay to transfer deed information. These taxes and fees are waived and not owed later.

 

This program is called the Low Income Home Ownership Tax Abatement Program and is offered by the Office of Tax and Revenue.

2. Check if you are eligible.

You are eligible if all of these statements are true:

  • You own the home that you live in (or you will own the home that you will live in).

  • Your home (or soon-to-be home) is in DC.

  • You bought (or are buying) a home for less than $516,800 as of October 2021.

  • Your household income does not exceed the limits based on your household size and the home’s location. 

reduce the taxes you owe when you buy a home?

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Keywords: reduce property taxes, closing cost assistance, homebuying assistance, homebuyer, homeowner, income limits

This page was last updated October 2021.

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