D.C. Property Tax Drought May Be Ending
The biggest land owner in Washington may be looking to turn over some of its holdings to the city. The federal government owns 42% of the District's land, and President Bush is proposing a series of land transfers that would increase the city's taxable property significantly. "This commitment has tremendous potential for us as we continue to expand neighborhood development," said D.C. mayor, Anthony Williams (D). "It is an historic opportunity to reevaluate and rationalize the use of federal land so that it better serves District residents." City officials have complained for year that between the federal government and non-profits, most of the city's land is untaxable. Some criticize the plan as an easy way for the President to justify cuts in funding of crucial city environmental improvement projects.
Thanks to Peter Buryk