District of Columbia

TAX ABATEMENT
PROGRAM

Helping lower income families

and individuals realize their
dreams of homeownership.

Order online and save up to $2,000 at closing.

You could save hundreds each
month if you qualify for the
DC Tax Abatement program.

How to qualify
1) Purchase price must be $319,920 or less; and

2) The 2010 income guidelines are as follows:

People in household Household income limits

1 $53,760
2 $61,440
3 $69,120
4 $76,800
5 $82,920
6 $89,100
7 $95,220
8 $101,400

How it works
Homebuyers are exempt from paying a 1.1%
recordation tax, and customarily, the seller’s 1.1%
transfer tax is credited the homebuyer at closing,
a 2.2% swing in favor of the homebuyer.

Qualifying homebuyers are also exempt from

paying real property taxes for 5 years beginning
the next full tax year after filing.

For more info visit:

federaltitle.com/dc-tax-abatement