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Found 1 blog entry tagged as "vacant property".

Vacant property in DC must be registered. DC’s Department of Consumer and Regulatory Affairs (DCRA) has a Vacant Building Enforcement Unit (VBE) whose task is to investigate and classify vacant and blighted buildings in the District.

The goal of the VBE is to bring buildings back to productive use. In order to achieve that mission, they classify buildings as vacant property, which raises property taxes for the owner. Class 3, vacant property, is taxed at a rate of $5 per $100 of assessed value, and Class 4, blighted property, is taxed at $10 per $100 of accessed value. On the other hand, Class 1, residential real property, is taxed at the much lower rate of $0.85 per $100, and Class 2 property, which includes commercial property such as hotels, is taxed…

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