This form is for an option to purchase residential real estate - Commercial lot or land. It contains provisons for the payment of option money and other terms of the transaction.
District of Columbia Option For the Sale and Purchase of Real Estate - Commercial Lot or Land
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Washington, D.C. Property Taxes The tax rate on residential property in D.C. is just $0.85 per $100 in assessed value. However, that rate may overstate the amount paid by many homeowners.
Washington, D.C. Property Taxes The tax rate on residential property in D.C. is just $0.85 per $100 in assessed value. However, that rate may overstate the amount paid by many homeowners.
Class 3, vacant property, is taxed at $5.00 per $100 of assessed value and Class 4, blighted property, is taxed at $10.00 per $100 of assessed value. The DC Code allows for exceptions that may allow a vacant property to receive the lower Class 1 or Class 2 tax rate, provided that certain conditions are met.
In DC, you must pay property taxes twice a year, on March 31st and September 15th. You can pay your real property tax bill online or by mail.
There are four classes of real property in the District of Columbia. Class 1 is residential real property including multifamily. Class 2 is commercial and industrial real property including hotels and motels. Class 3 is vacant real property.
Classification refers to how a property is used. Classifications such as homestead, rural vacant land, commercial, and agricultural describe a property's primary use and impact the amount of property tax paid.