Keyword Analysis & Research: estate tax washington dc

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Frequently Asked Questions

Does DC have an estate tax?

Washington, D.C. has an estate tax that applies to estates of over $1 million. For estates above that threshold, rates are applied based on the total gross estate. That includes bank accounts, real estate, automobiles, investments and other valuable property held by the decedent.

What is the property tax rate in Washington DC?

Washington, DC recently lowered the district sales tax by a quarter of a percent from 6% to 5.75%. The District of Columbia's sales tax is imposed on all sales of tangible property as well as on certain services.

What is the homestead exemption in Washington DC?

In Washington, the homestead exemption applies to real or personal property used as your principal residence, including your home, condominium, mobile home, or manufactured home.

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