This information was sent to the local Realtor Association this morning. It seems a bit crazy to me! It is true we have a bunch of vacant properties; but this is going a bit far.Mayor Fenty has proposed the creation of a $250-$5,000 Vacant Property Registration Fee.In the Mayor's proposed fiscal year 2010 Budget Support Emergency Act, which could be voted on as early as next week without a hearing, and in his proposed fiscal year 2011 budget, if a property is unoccupied for 30 days, the owner is REQUIRED to file a vacant property application with DCRA and PAY a fee for that privilege.The initial registration fee will be $250.
The renewal registration fee for the first renewal year will be $500.
The renewal registration fee for the second renewal year will be $1,000.
The renewal registration fee for the third renewal year will be $2,500.
The renewal registration fee for the fourth renewal year will be $5,000.The revenue created by this potential fee is staggering - almost $8 million in just over 4 years.
The following existing exemptions WOULD BE ELIMINATED in the Mayor's proposals:
For Sale properties, For Rent properties, newly-constructed properties, properties under active construction, properties that are subject to probate, and properties subject to fire, flood, or other casualty.Only properties owned by a foreign government, the United States' government, and the District government would be exempt from this fee.REALTORS® and their clients need to be able to list their properties without having to worry about paying a Vacant Property Registration - in effect A LISTING TAX. Contact a DC Councilmember today. Tell them:
NO to a Vacant Property Registration Fee
NO to a de facto Listing Tax
NO to the District grabbing more money from property owners
E-mail all Councilmembers at: firstname.lastname@example.org
To contact individual Councilmembers:Council Chair Vince Gray: email@example.com- 202-724-8032
At-Large Councilmember Michael Brown: firstname.lastname@example.org- 202-724-8105
At-Large Councilmember Kwame Brown: email@example.com- 202-724-8174
At-Large Councilmember David Catania: firstname.lastname@example.org- 202-724-7772
At-Large Councilmember Phil Mendelson: email@example.com- 202-724-8064
Ward 1 Councilmember Jim Graham: firstname.lastname@example.org- 202-724-8181
Ward 2 Councilmember Jack Evans: email@example.com- 202-724-8058
Ward 3 Councilmember Mary Cheh: firstname.lastname@example.org- 202-724-8062
Ward 4 Councilmember Muriel Bowser: email@example.com- 202-724-8052
Ward 5 Councilmember Harry Thomas, Jr.: firstname.lastname@example.org- 202-724-8028
Ward 6 Councilmember Tommy Wells: email@example.com- 202-724-8072
Ward 7 Councilmember Yvette Alexander: firstname.lastname@example.org- 202-724-8068
Ward 8 Councilmember Marion Barry: email@example.com- 202-724-8045Call them today - or get ready to pay up!
Contact James Downing of the Downing Real Estate Group, if you are selling, buying or have questions!
Office: 202-362-5800 Cell: 703.244.3971
Licensed in Washington DC, Virginia & Maryland.
Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW Suite 100 * Washington DC 20016
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!