12 Percent Assessment Cap Credit

The housing market in the District of Columbia has caused a surge in the assessed value of residential real property. In an effort to limit the increase of real property taxes for homeowners, eligible homeowners will be provided an Assessment Cap Credit. The Assessment Cap Credit provides that a real property tax bill will not increase by more than 12 percent above the prior year's real property tax bill. This credit does not reduce the assessed value of your property on the tax roll or the assessment notice, but it will appear as an automatic credit against your real property tax bill. The credit only applies to the principal residence of the property owner (homestead property) and is based on the total assessment for the dwelling and land associated with the dwelling.

For more information, property owners may call the Office of Tax and Revenue's Customer Service Center at (202) 727-4TAX (727-4829).

If you have been denied the Assessment Cap Credit and you believe that you are eligible, please contact the Homestead Unit, PO Box 176, Washington, DC 20044 or call Customer Service at (202) 727-4TAX.

• What conditions must be met to receive the 12 Percent Assessment Cap Credit?
• How is this credit calculated?
• Where is the 12 Percent Assessment Cap Credit shown?