DC Council’s Proposed FY 2019 Budget is Released

The District of Columbia Council has released its proposed FY2019 budget for the period beginning July 1, 2018. Proposed tax changes include: Modifications to the commercial property tax rates and new tax credits Increase in the hotel tax New tax credits for grocery stores, retail and sit-down restaurants in Wards 7&8, including recordation/transfer tax waiver

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New ROD Forms Effective 10/16/17 (including new FP7!)

The Recorder of Deeds has now posted the most current Application for First-Time Homebuyers (ROD 11) and OTR’s Notice regarding it (OTR Tax Notice 2017-07) on its website. We urge DCLTA members to download the necessary forms from ROD’s website in order to have the most updated versions in your systems. https://otr.cfo.dc.gov/book/recorder-deeds-tax-forms For settlements conducted

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Update on Recordation Tax and First-Time Homebuyers

October 1 Implementation and Possible Corrective Legislation We previously let you know about the recently enacted First Time Homebuyer Tax Benefit Amendment Act of 2015 and the accompanying Application Form required by the D.C. Recorder of Deeds, which is available at https://otr.cfo.dc.gov/node/1272871. The DCLTA Board has been advocating for legislative clarity through the tireless efforts

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Revised DC WASA Procedures – REGISTER TODAY

It has come to our attention that DC Water has changed their procedures for requesting certain documents. DC Water will no longer accept ownership change, final bill, balance due, or payoff requests via email. All title company representatives must register to use and submit requests through the portal at https://3pp.DCWater.com. Registration is open between August 31,

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ROD Update: First-Time Homebuyer Application

You may be aware that the DC Council recently passed the First Time Homebuyer Tax Benefit Amendment Act of 2015. The Office of Tax and Revenue is interpreting the legislation to require the collection of documentation by title agents and auditing. To prepare for the October 1 implementation date, the Recorder of Deeds has announced

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ROD Announcement: First-Time Homebuyers

Please see the attached announcement from the Office of Tax and Revenue relating to the reduction in recording taxes for first-time homebuyers in D.C. OTR Tax Notice 2017-2: Reduced Recordation Tax Rate for First Time Homebuyers Recently enacted legislation will lower the recordation tax rate payable on residential properties (including cooperative units) acquired by first-time

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ROD Announcement: Easements on FP7s

Ida Williams, the Recorder of Deeds for the District of Columbia, has alerted the DCLTA Board of Directors of a recent change in policy regarding easements and the FP7 (Real Property Recordation and Transfer Tax Form). We have been asked to share the following communication with DCLTA’s membership: ROD is revising its FP7 form to

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TOPA Alert – 2017 Amendment

Mark your calendar and testify at the September 21, 2017 public hearing regarding Bill 22-0315, “TOPA Accessory Dwelling Unit Amendment Act of 2017.” Whether you testify or simply attend, this will be your opportunity to hear the pros and cons of modifying the TOPA statute to exempt owner-occupied, single-family homes with accessory units. Click here

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DC’s Curative Statute for Recorded but Defectively Notarized Documents

You know the sinking feeling when it happens. We’ve all been there! You are examining deeds in a chain of title and you see that a document that was recorded more than a decade ago has a defective notarization. You begin to dread as the question arises: Does this mean I have to go back

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Water/Sewer Account Info and Final Readings

All title professionals in DC should be familiar with water/sewer charges, which are administered by the D.C. Water and Sewer Authority (WASA) (https://www.dcwater.com/). Unpaid water and sewer charges constitute a lien on real property, which means that you need to raise an appropriate exception in Schedule B of your title commitment/policy. The liens attach to

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