DC TAX ASSESSMENT APPEALS PROCESS

DC properties are reassessed EVERY year. Assessment notices are mailed in February.

The Real Property Tax Administration (RPTA) assesses properties at 100% of Estimated Market Value, defined as the most probable price that a buyer would pay a willing seller on the open market.

3 LEVEL APPEALS PROCESS

• Current owners must file petition appeal by April 1st ;

• New owners can appeal the Proposed 2019 Assessed Value within 45 days of a new deed recorded by September 30th 2018.

• New Owners can also appeal the current assessed value within 45 days of transfer, or April 1st., whichever is later

1st Level of Appeal-- ASSESSOR LEVEL:

• ADMINISTRATIVE REVIEW to the assessor https:/...

Getting your property ready the market takes preparation. We have you covered! Check out our pre-listing marketing roadmap. This timeline typically takes a couple weeks but we often fast-track when needed. Below is just a glimpse at our process. Contact us to discuss in detail.

Listing Agreement

Needed to establish agency representation which allows us to prepare and promote your property. Pricing determined prior to market or private placement date.

Private Placement

Optional- an opportunity to market your property to Compass and other select agents prior to syndication.

Staging Consultation

If your property is occupied we provide you with professional staging and organization consultation which...

Multiple offers on DC properties are more common than you may think. So, how does the "bidding" process work? Escalation Clause!

There are two parts to an Escalation Clause: 1. The “Escalating Factor” or increment over the next best offer, and 2. “Cap” - The maximum the buyer is willing to pay.

For example, let's say you're submitting an offer on a listing priced at $700,000

Let's start with the Escalating Factor (amount over the next best offer). In my experience, a strong escalating factor or increment is anywhere from 1-2% of the sales price, depending on your terms and how many offers you're competing against.

It might seem like a lot but consider this: The Seller&rsq...