DC’s property assessments for 2011 are coming in way down from 2010. Residential is down an average of 3.7 percent and commercial property is down 10.6 percent. While this is good for the taxpayer in general (lower value means lower tax amount) about 22,000 residents will be paying higher taxes (by an average of $345) due to new legislation. While those looking to sell may not be happy about this, we’re doing far better than some other metropolitan areas that are seeing drops of up to 25%. For once, we are definitely not California Dreamin’.