Washington, D.C. Tax Year 2025 Real Estate Assessment Notices Are Available Online
Michael Allen Principal 954.740.6240 michael.allen@ryan.com
Shawn Eskow Principal 571.481.9427 shawn.eskow@ryan.com
Cutchin Powell Principal 202.470.3094 cutchin.powell@ryan.com
Grant Steinhauser Principal 202.470.3105 grant.steinhauser@ryan.com
Commercial property owners across Washington, D.C. can now view their tax year 2025 assessments online via MyTax DC. Despite the continued economic uncertainty within the commercial real estate market, values do not adequately reflect recent sales or higher expense ratios and vacancy rates. Office property owners are seeing a small range in assessment decreases from ~3–5% across Class A property and ~10–20% across Class B property despite recent sales reflecting arm’s-length prices at 50% or less of the city’s assessments. The experts at Ryan have identified assessments increasing approximately 3–6% across the multifamily industry and 1–3% for hospitality. Our team will continue to analyze the data and how it will impact properties across the district.
With the approaching appeal deadline of April 1, it is crucial for property owners to seek guidance from tax experts who can assist in navigating the appeal process. By doing so, you can ensure your property is not overvalued and potentially save on your tax obligations.
We are committed to providing you with the guidance and support needed throughout the entire appeal process. Do not procrastinate. Safeguard the value and financial health of your property by reaching out to Ryan’s experts today.