Bubble? Bubble? What Bubble?
Real Estate assessments are up 21% on average. Trinidad is up 47%. Congress Heights up 41%. Median House price in the District is $400,000 right now. But it’s not all painful news, as the homestead exemption’s up to $60,000, and the rate per hundred dollars has gone down to 92 cents, but that does make the annual tax bill on a $400,000 house over $3,000.
I know from personal experience that the assessments went up in Arlington, as I’m looking at yet another net increase in my taxes, though the rates won’t be set until mid April. How’d your assessment go this year?
This post appeared in its original form at DC Metblogs