Property tax increases in Washington, DC?
Does DC assess properties based on market value or on sale price? California's prop 13 limits the property tax increases and allows the basis to be transferred to a child. Does DC have something similar?
A family member wants to gift/sell a rental property to their child that they have owned for a long time. Will the property be reassessed upon transfer? If so, are there any ways to transfer the deed without such a reassessment?