Washington DC History Resources

Matthew B. Gilmore

District’s residential property assessments grew by 6 percent

District, Measured

Housing in the District of Columbia is expensive.  The U.S. Census tells us that the District had the second highest median housing prices in 2013, after Hawaii.  Listing price data from Trulia for February 2015 also ranks District second highest among states.

Last week, the District’s tax office put in mail the residential property assessments for Tax Year 2016. The aggregated data at the city and neighborhood levels tell us the following:

  • The tax office valued the total housing stock in the District at $105 billion. 2016 assessments are more than six times the 2000 assessments.
  • On average, housing values assessed by the tax office grew by 33 percent annually for the last 16 years. There are many more housing units today in the District, so most of this growth is coming from new development. But some growth is due appreciation of the existing housing stock.
  • Between 2015 and 2016…

View original post 420 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on March 3, 2015 by in Uncategorized.
%d bloggers like this: