WASHINGTON (WUSA9) -- The "Senior Citizen Real Property Tax Relief Act of 2013" was passed with a final vote with the support of ten members at today's legislative meeting of the Council of the District Columbia.
The bill is authored by At-Large Councilmember Anita Bonds and will be submitted to D.C. Mayor Gray for his signature. It is not confirmed if he will fund the proposal, officials said in a press release.
This bill will exempt long-standing residents 70 years of age and older from paying any real property taxes on their primary residence if they have maintained DC residency for at least 20 years, have a household adjusted gross income of less than $60,000, and maintain total assets of $250,000 dollars or less excluding residence. The bill will affect around 6800 households including the following:
- Condo owners
- Owners in cooperatives, who will see an average savings of $1,158.00.