WASHINGTON, DC—While talks continue between the D.C. Building Industry Association and the District over proposed tax assessment changes, trade officials believe commercial property owners will likely not avoid higher taxes in 2015.
D.C. Building Industry Association President Sean Cahill told the Washington Business Journal that D.C. Chief Financial Officer Jeff DeWitt is unlikely to enact any major changes to proposed new guidelines to how the District assesses and taxes large property owners. The assessment changes, unveiled earlier this year, will likely impose double-digit percentage tax increases in 2015.
Cahill says that ongoing talks with the District could lead to recommendations that impact 2016 tax assessments. DeWitt says the talks at present are centering on assessment methodology.
"We have met with industry groups regarding the commercial appraisal process," DeWitt says. "Now we are discussing their concerns with our appraisal staff and looking at best practices in other jurisdictions." See story in the Washington Business Journal.
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