District of Columbia Option to Purchase Vacant Real Property
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How to fill out Option To Purchase Vacant Real Property?
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FAQ
The D.C. Department of Consumer and Regulatory Affairs has flagged nearly 3,000 properties in the city as being blighted or empty, but only 189 are taxed at the blighted rate the highest tax rate for a property and 359 are considered vacant but have tax exemptions as of this month.
Vacant Property means property on which no building exists or on which a building exists but any such building is no longer utilized for any business, commercial or residential purposes.
DCRA determines that a building is blighted if it is unsafe, unsanitary, or otherwise determined to threaten the health, safety, or general welfare of the community.
There are four classes of real property in the District of Columbia. Class 1 is residential real property including multifamily. Class 2 is commercial and industrial real property including hotels and motels. Class 3 is vacant real property.
Under D.C. law, the owner of any home that has been empty for more than 30 days has to pay $250 and register it as vacant, which triggers a higher property tax rate. And if it is not properly maintained, it can be classified as blighted, increasing property taxes further.
Class 3, vacant property, is taxed at $5.00 per $100 of assessed value and Class 4, blighted property, is taxed at $10.00 per $100 of assessed value. The DC Code allows for exceptions that may allow a vacant property to receive the lower Class 1 or Class 2 tax rate, provided that certain conditions are met.
Blight encompasses vacant lots, abandoned buildings, and houses in derelict or dangerous shape, as well as environmental contamination. Blight can also refer to smaller property nuisances that creep up on cities and suburbs: overgrown lawns, uncollected litter, inadequate street lighting, and other signs of neglect.
A vacant property is one that is not occupied and does not meet any of the following criteria: Is under active construction. Owner is actively seeking to rent or sell.