Washington, D.C.’s innovative First Time Homebuyer’s tax rate reduces the recordation tax to .725 percent. The statute is found at Official Code §42-1101(17). The tax rate and value of the property changes from year to year based upon the C.P.I.

Effective on October 1, 2019, the purchase price may not exceed $632,500 and the income for a single-member household may not exceed $147,780.

Income levels for households with more than one member can be found here.