DC Council advances senior property tax exemption - DC News FOX 5 DC WTTG

DC Council advances senior property tax exemption

Posted: Updated:
WASHINGTON -

The D.C. Council has given preliminary approval to a bill that would eliminate property taxes for some elderly residents.

The bill would exempt residents from property taxes if they're at least 75 years old, have lived in the city for 15 years or more and earn less than $60,000 annually. It was approved unanimously Tuesday, but several members said they had concerns, and the bill could be changed before a final vote.

Meanwhile, Councilmember Jack Evans postponed a vote on a more wide-reaching measure that would prevent residential property taxes from increasing more than 5 percent per year. It's meant to shield residents from huge tax hikes when their homes increase in value. Mayor Vincent Gray opposes the bill, noting its cost and the city's competitive property tax rates.


Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices