DC FIRST-TIME HOMEBUYER REDUCED RECORDATION TAX – UPDATE
Beginning on October 2nd,the Recorder of Deeds will begin accepting applications for this benefit. The application (ROD 11) can be found at https://otr.cfo.dc.gov/node/1272871.
Please consult your settlement company to coordinate obtaining of the documents that will be required to submitted along with application and the Deed. As there is no pre-certification process currently available for this reduced recordation tax, Buyers should be prepared to have the difference between the normal recordation tax (1.45% or 1.1%) and the reduced recordation tax (0.725%) escrowed at closing pending the District’s approval of the application.