How B26-0777 changes current law

Compared against the D.C. Code as published AI-generated reading aid — verify against the official bill.

The bill amends existing law to change the property tax payment schedule from twice a year to quarterly and updates the land valuation criteria for property assessments.

• D.C. Code § 47-811

  For the tax year beginning July 1, 2028, and each tax year thereafter, real property taxes shall be due and payable quarterly in four equal installments, except as otherwise provided in a payment plan entered into pursuant to § 47-811.05.

  The bill establishes a quarterly payment schedule for real property taxes.

• D.C. Code § 47-820(a)

  For assessments and revaluations in the tax year beginning July 1, 2028, and each tax year thereafter, the land component of an assessment shall reflect the estimated market value of the land as if vacant and available for its highest and best use and shall not vary between similarly situated and zoned parcels based on the presence, absence, or value of improvements thereon.

  The bill requires land assessments to reflect the value of the land itself without consideration for improvements.

• D.C. Code § 47-823(c)

  The Mayor shall undertake, publish, and otherwise publicize the results of assessment-sales ratio studies for different types of real property for the entire District and for different types of real property within each of the districts utilized in making assessments. → The Mayor shall undertake, publish, and otherwise publicize the results of assessment-sales ratio studies for different types of real property for the entire District and for different types of real property within each of the districts utilized in making assessments. Such ratio studies shall include a separate land value component tested against the same accuracy standards as the total assessment. If, for a given year, adequate sales data are lacking for particular studies, the Mayor shall so indicate.

  This change enhances the requirements for assessment-sales ratio studies by including a separate land value component and establishing standards for data adequacy.

• D.C. Code § 1-301.47a

  The Council adopts the fiscal impact statement in the committee report as the fiscal impact statement required by section 4a of the General Legislative Procedures Act of 1975.

  This confirms the fiscal impact statement for the bill as part of the legislative process.