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B26-0777

Revenue Stabilization and Land Value Assessment Amendment Act of 2026

Last scannedAug 25, 2026, 4:28 AM

In one sentence

This bill changes D.C. property tax payments to four times a year starting in July 2028 and requires that land values be assessed separately from buildings.

Changes real property tax payment schedules from twice a year to four equal installments for the tax year beginning July 1, 2028, and each year after.
Requires future assessments to calculate the market value of land as if it were vacant, ensuring similar parcels have consistent values regardless of buildings on them.
Directs the Mayor to publish studies comparing assessment ratios and sales data for different property types, including a separate check for land valuation accuracy.

Property owners in the District of Columbia who pay real estate taxes starting July 1, 2028.
The Office of Tax and Revenue (formerly OCFO) responsible for tax collection systems.
The Mayor's office, which must conduct and publish assessment studies.

The bill does not change current property tax rates.
Changes to payment schedules and assessment rules only begin for the tax year starting July 1, 2028.
The Office of Tax and Revenue has indicated that system upgrades may be needed before quarterly payments can occur.

Plain language

Quarterly: Happening four times a year; in this bill, it means paying taxes every three months instead of twice a year.
Land Value Assessment: Determining the price of just the ground itself as if vacant, without counting the value of any buildings or improvements on top of it.

Official record

Source attached

Revenue Stabilization and Land Value Assessment Amendment Act of 2026

Official activity