While temperatures continue to drop, DCAR refuses to flinch. We are too busy fighting for first-time homebuyers. A Bill in front of the DC Council could drastically reduce the recordation tax for first-time DC homebuyers from 1.45%* & 1.1%** to 0.725%. This week, DCAR and individual members testified at hearing urging the Council to pass… Read more »
What did DCAR do for you this year? 2015 moved by in the blink of an eye. This is how it feels when your Association advocates all 365 days of the year for you. Where to begin? How about with TOPA? We kicked off the year with a big meeting connecting our members with top… Read more »
What was accomplished? DCAR’s advocacy efforts continue to make waves in DC’s government and real estate community! DC Councilmembers David Grosso, Anita Bonds and Jack Evans have re-introduced the “First-Time Homebuyer Tax Benefit Amendment Act of 2015 (Yvette Alexander and Charles Allen co-sponsored),” which would cut the recordation tax rate from 1.45% to 0.725% for… Read more »
The District’s Fiscal Year 2016 Budget recently passed with the Council accelerating the Tax Revision Commission’s recommendations to lower taxes in September 2015. Okay, that’s not the most exciting news in the world, but this could be a big deal for DC residents. What’s the big deal? If a DC taxpayer earn less than $500K,… Read more »