Property Taxes in District of Columbia
Median DC property tax rate: 0.77%, significantly lower than the national median of 1.02%. Median DC home value: $593,750. Median annual DC tax bill: $4,081, $1,681 higher than the national median property tax bill of $2,400. How are property taxes in DC calculated? Property taxes in DC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you are in DC, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
District of Columbia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.77%
Estimate Property Tax Bill
$4,572
$4,243
Ownwell’s DC Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in DC with just two data points. By entering your property's estimated assessed value, our calculator applies DC's median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing homeownership costs in DC. For those interested in more localized information, please scroll down to explore county and city-level trends!
Property Tax Rates Across District of Columbia
Local government entities determine property tax rates, which can vary significantly. Each year, they calculate the necessary budget for services and divide it by the total value of taxable property, resulting in the property tax rate. Although the process involves votes and regulations, this is the basic annual procedure. You can compare the effective property tax rate in the District of Columbia to the U.S. median property tax rate. The District of Columbia has a property tax rate of 0.77%, which is lower than the national median of 1.02%, making it more favorable for property owners compared to many other regions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective District of Columbia Tax Rate
0.77%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across District of Columbia
| County | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| District of Columbia | 0.35% | 0.66% | 0.77% | 0.82% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across District of Columbia
Understanding the distinction between "market value" and "assessed value" is crucial when examining property taxes in DC. The market value is what a willing buyer would pay to a willing seller in an open and competitive market. Location, property condition, and economic market trends often influence it. Each DC county assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In DC, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the end of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in DC. For example, District of Columbia has the highest median home price at $593,750.
Median District of Columbia Market Value
$593,750
Median United States Market Value
$235,294
Property Tax Assessment Values Across District of Columbia
| County | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| District of Columbia | $281,020 | $394,130 | $593,750 | $878,730 | $1,253,462 |
Source: Ownwell
Property Tax Bills Across District of Columbia
In Washington, D.C., property tax bills are determined by the assessed value of a home, which is typically a percentage of its market value. The tax rate is then applied to this assessed value to calculate the annual tax bill. With a median home price of $593,750, D.C. homeowners face a median property tax bill of $4,081, significantly higher than the national median of $2,400. Factors such as location and property characteristics can influence the assessed value, impacting the final tax bill. For instance, homeowners in the 25th percentile pay around $2,474, while those in the 90th percentile pay up to $10,011. These taxes directly affect homeowners' financial planning and housing affordability.
Median District of Columbia Tax Bill
$4,081
Median United States Tax Bill
$2,400
Property Tax Bills Across District of Columbia
| County | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| District of Columbia | $1,461 | $2,474 | $4,081 | $6,707 | $10,011 |
Source: Ownwell