At the next legislative meeting of the Council of the District of Columbia, Councilmember Anita Bonds (D-At-large) will introduce legislation titled, “Senior Citizen Real Property Tax Homeowner Relief,” which will allow residents who have maintained residency for 25 years or more to be exempt from real property taxes, if the homeowner is aged 80 years or older and earns less than $100,000.00 annually.
Concurrently, Councilmember Bonds will introduce legislation titled, “Senior Citizen Rental Housing Relief,” which will allow residents who have maintained residency for 25 years to receive an annual rebate equal to 25 percent of their annual rental cost, if the renter is aged 80 years or older and earns less than $100,000 annually.
“The District has a history of offering millions upon millions of tax exemptions for businesses, non-profits, and development projects yearly and we should bring equal tax relief to our elder seniors who have given so much to our city during both prosperous and dire economic times,” stated Councilmember Bonds, who touted the proposal during her campaign for election.
If enacted thousands of older residents, who live mostly on fixed incomes, would be able to age in place and maintain their properties without having to worry about rising property taxes due to the district’s robust real estate market.
Councilmember Bonds worked with Councilmember Jack Evans (D-Ward 2), Chair of the Committee on Finance and Revenue to include the measures in the Committees Fiscal 2014 Budget Support Act recommendations.
170 total views, 1 views today