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Tax Deferral For Low-Income And Low-Income Senior Property Owners Application - Goverment Of The District Of Columbia Page 3

GOVERNMENT OF THE DISTRICT OF COLUMBIA

OFFICE OF THE CHIEF FINANCIAL OFFICER

OFFICE OF TAX AND REVENUE

Instructions

•

The Tax Deferral for Low-Income and Low-Income Senior

Property Owners Application, and

•

The Homestead and Senior Citizen or Disabled Property Owner

Application

Effective October 1, 2005, there are two new tax relief programs available for property

owners in the District of Columbia. The first, the Tax Deferral for Low-Income and Low-Income

Senior Property Owners, provides a low-income property owner the opportunity to defer annual

increases in real property taxes and provides senior citizens (65 years of age or older) the ability

to defer the entire annual tax bill. The second real property tax relief program is a 50 percent tax

credit for disabled District property owners.

Please note that there are several eligibility requirements that must be met for each

of these programs and required documentation, which are noted on the application form.

Also, please take note of the interest charges and repayment requirements for each deferral

program.

If a properly completed and approved application is filed from October 1 to March 31,

the property will receive these tax relief benefits for the entire tax year (and for all tax years in

the future). If a properly completed and approved application is filed from April 1 to September

30, the property will receive one-half of the benefit reflected on the second-half tax bill (and full

deductions for all tax years in the future).

NOTE: For real property tax year 2006 only, Tax Deferral for Low-Income and

Low-Income Senior Property Owners applications filed by May 1, 2006, will receive the

benefit for the first-half 2006 tax bill. Applications filed after this date will receive the

benefit beginning with the second-half 2006 taxes.

If you enter these programs but, at a future date, no longer meet the eligibility

requirements, you must notify us in writing and within 30 days at the following address: Office

of Tax and Revenue, Real Property Tax Administration;

1 th Street, SW;

Washington, DC 20024 -- Attn: Assessment Services Division - Tax Relief Cancellation. If you

fail to provide written and timely notification as instructed, you may have to pay a penalty of 10

percent of the delinquent tax and 1.5 percent interest on such tax for each month that the property

wrongfully received the benefit(s). This application and continued eligibility for these tax

benefits are subject to periodic audit. Please keep all supporting documentation.

Tax Deferral For Low-Income And Low-Income Senior Property Owners Application - Goverment Of The District Of Columbia Page 3