It took a while to get this done but as of October, DC now has a first-time homebuyer incentive on the books. They do this by reducing the recordation tax (the tax on the new deed) paid by the buyer. For deeds recorded on or after October 1, 2017, the recordation tax rate for a “first-time District homebuyer” purchasing “eligible property” will be reduced. For houses and condominium units, the Continue Reading about DC offers reduced recordation tax for first-time homebuyers
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We've decided to start posting real estate-related articles on our site. You'll find things here such as proposed state and local tax law changes, news and information concerning real estate, etc. Hopefully you'll find this useful... if you think of a topic you'd like us to write about, please feel free to contact us. Continue Reading about About This