As a DC REALTOR®, you know how damaging recordation and transfer taxes can be to a real estate deal. GCAAR, our Local Association, is fighting a drastic increase in the recordation tax proposed by the Montgomery County Council. This Tuesday, May 10, GCAAR will load up a fleet of buses with members to march on… 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 »