DC Property Values Hit the Skids, But Not Too Bad

Photo courtesy of
‘Real Estate For Sale Signs’
courtesy of ‘Mr. T in DC’

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’.

John has lived in DC since attending CUA’s Architecture school starting in 1995. He is a UI/UX/Design guru for LivingSocial and also plays in numerous bands (Juniper Lane, Rotoscope, Boboroshi & Kynz) and loves hyping people on eating local food, sustainable human settlement patterns, gardening, and good old fashioned rock and roll and electronica. He runs the dirt lab (aka mega garden) for WeLoveDC, where he eats most of the proceeds.

Comments are closed.