The District of Columbia Office of Tax and Revenue (OTR) announced today that it has begun to mail Tax Year 2019 assessment notices to all real property owners in the District of Columbia. A total of 200,443 taxable and exempt real properties have been reassessed to reflect current market values as of January 1, 2018. Property owners receiving new assessment notices will not be taxed on the new assessed value until March 2019.
The District’s real estate market remains steady as the proposed TY 2019 assessment average increase in residential properties (Class 1) was 3.33 percent. The commercial (Class 2) market also shows value increases of 3.29 percent.
The TY 2019 real property assessment notice contains the proposed assessed value for a property as well as the estimated taxable assessment and important information related to property tax relief programs such as the homestead benefit and senior citizen tax relief. In addition, included on the notice is the assigned appraiser’s contact information for taxpayers who wish to discuss their assessment.
District property owners who believe their proposed TY 2019 assessment does not reflect the market value of their property are encouraged to file an appeal on or before April 2, 2018. The appeal process begins when a property owner submits a First Level Appeal Application to OTR. This year, property owners can appeal their assessment online by visiting otr.cfo.dc.gov under the “Real Property” tab.