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About The DC Homestead Deduction

What is the DC Homestead Deduction and why should you care if you’re a homeowner? It’s residential property tax relief, that’s why!

The DC Homestead Deduction is applicable to fee simple residences and condominium units. Cooperatives are also eligible, but the co-op takes the credit instead of the homeowner.

Homestead Deduction and Senior Citizen or Disabled Property Owner Tax Relief

The Homestead Deduction gives qualified residential property owners a reduction in assessed value by $72,450 (before computing the annual tax liability).

Do you qualify? Here are the basic rules:

  • An application must be on file with the Office of Tax and Revenue;
  • The property must be occupied by the owner/applicant and contain no more than five dwelling units (including the unit occupied by the owner);
  • The property must be the principal residence of the owner/applicant.

If your application is approved and filed between October 1 to March 31, you’ll receive the Homestead Deduction for the entire tax year (and all tax years in the future during which you qualify). If your application is filed between April 1 to September 30, you’ll receive half of the benefit reflected on the second-half tax bill (and full deductions for all qualifying tax years in the future).

Learn more about the DC Homestead Deduction

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