What's Hot: How Fast Are Homes Selling in DC?
7,500 DC Residents Pre-Paid $50 Million in Property Taxes for 2018
✉️ Want to forward this article? Click here.
There was a frantic push at the end of 2017 by some DC residents to pre-pay their property taxes for 2018, in light of the recently-passed tax bill. Now, we know just how many property owners did just that.
7,500 property owners in the city paid approximately $50 million in property taxes for 2018 before the end of last year, DC’s Chief Financial Officer reported Wednesday afternoon. In comparison, 13,000 property owners in Fairfax County pre-paid approximately $93 million in taxes. In Montgomery County, property owners lined up for upwards of 45 minutes at the end of the year to pre-pay taxes.
story continues below
story continues above
The far-reaching tax bill that passed in December caps the state and local taxes that individuals can deduct on their federal returns at $10,000. On December 28, DC’s CFO sent out guidance as to how DC residents could pre-pay taxes and it appears that many took advantage.
See other articles related to: dc property taxes
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/7500_residents_a_look_at_how_many_dc_residents_pre-paid_property/13409.
Most Popular... This Week • Last 30 Days • Ever

When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »

While the buildings at The Wharf are generally all finished, there are still a couple... read »

Approximately 34% of renters in the DC region are looking for rentals in other metro ... read »

The DC region has yet to see a surge of new listings hit the market in the face of fe... read »

The Sidney is currently offering special pre-sale pricing, a 2.25% seller credit, and... read »
- A Look at the Alternatives to a 30-Year Mortgage
- The Final Two Developments On The Boards Around The Wharf
- A Look At The Renters Moving In And Out Of DC
- DC-Area Housing Market Slowed In February, Fewer Homes Hit The Market
- Sales Are Moving Quickly at The Sidney, One of DC's Only Large Condos Coming in 2025
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro