Urban Turf: DC Property Assessments Rise Sixfold Since 2000
Residential property assessments rose six percent over the last year, according to a new post on District Measured by Yesim Sayin Taylor at the DC Office of the Financial Officer.
For 2016, the tax assessment total for the District’s housing stock is $105 billion, more than six times the property tax assessments made in 2000. District Measured found that most of this growth is from new home construction since tax year 2000, but noted that some of the growth is attributable to appreciation of DC housing. (If your home has been affected by the latter, check out our post here to find out how to appeal an assessment and our post on what you can expect from the assessment process.)