Jackson & Campbell, P.C. Title Newsletter
	October 18, 2001
	Dear Title Professional: The District of Columbia Real Property Tax Clarity Act has items of concern to the title industry. To summarize, it deals with completely new tax sale provisions, how over-payments of real estate taxes are refunded (if ever), provides for transfer/recordation tax for any leases over 30 years (and life-estates), and provides for a penalty of $250 if a deed is recorded more than 30 days after execution. Below you will find a link to a summary of the changes. There are also links if you would like to see the Act itself or the original statute that the Act is amending. There has been a change in the official printer of DC laws so there is no complete, integrated printing of the original law, as amended by the Act. For your own information, the new printer is named "West Group" and the official books will be called "D.C. Official Code" as opposed to the old name "D.C. Code". On the topic of the $250 penalty for late-filed deeds, John Mowery, of the Recorder of Deeds, has indicated that he will consider requests for waiver as may be warranted. Link to SUMMARY of Tax Clarity Act Link to the FULL TEXT of Tax Clarity Act (47 pages) Link to the D.C. Official Code (For Real Property See Division VII - Title 42; For Taxation, See Division VIII - Title 47) Click Here for Important Notification from D.C. Recorder of Deeds about new recording requirements Jackson & Campbell knows this legislation well and welcomes referrals of people who have bid at tax sales who wish to obtain title to the property. To AOL and others who cannot see the links above, they are: Link to the summary: www.JacksCamp.com/news/TaxClarity.pdf. Link to full text of Act: http://dccouncil.dc.gov.images/00001/20010316111628.pdf. Link to the original law that the Act amends: http://dccode.westgroup.com/home/dccodes/default.wl (see Division VII). Please feel free to distribute this newsletter to others in your organization. Sincerely, Real Property and Asset Management Group Jackson & Campbell P.C. RKaufmann@JacksCamp.com http://www.JacksCamp.com
	call us :: (202) 457-6710
This email was sent to rkaufmann@jackscamp.com, at your request, by Jackson & Campbell P.C.. Visit our Subscription Center to edit your interests or unsubscribe. View our privacy policy. Powered by