Tax Relief and Tax Credits
Lower Income, Long-Term Homeowners Tax Credit
The Lower Income, Long-Term Homeowners Credit was passed by the DC Council to ease the effect of rising assessments and taxes on low-income residents who have lived in their homes seven consecutive years or more.
The current requirements for receiving the credit are:
- You must have owned and occupied the property as your principal residence for at least the last seven (7) consecutive years;
- The property must be receiving the Homestead Deduction;
- The total household income of all household members of your residence must not exceed the Household Income Limit Table listed in Section D on the Schedule L; and
- Your application must be filed by December 31 of each year.
Interested homeowners should call (202) 727-4TAX (727-4829) for more information.