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Issue 15 of the DC Association of REALTORS®' member newsletter. In this issue: Tax Revision Commission Hearing Recap; 'Height Act' faces opposition; DDOE Lead Paint Presentation
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11/8/13 Inside: DCAR Fighting to Keep Property Taxes Low, DDOE Crafting Lead Paint Presentation for YOU!
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What's Happening @ DCAR
October 30th 2013
Table of Contents:Sections
T h e Policy Fix
Liv in g La rge wit h DCA R
T h e Dist rict Scoop
Need-to-Know
T a x Rev ision Com m ission
'Heigh t A ct ' Fa ces
Opposit ion
DDOE Lea d Pa in t
Presen t a t ion
Dear Bobette, Such Great Heights! DC could boast a loftier look if thecentury -old 'Height Act' is changed. City planners andhistorical preservationists clashed earlier this week, and morehearings are coming up soon. Also, DCAR is fighting to lowerDC's sky -high deed recordation and transfer taxes. Don't forget to register for the DDOE Speaker Seriespresentation on lead-based paint regulations. Seating islimited, so register today !
To start, click the links to the left to nav igate to the differentsections of the newsletter.
The Policy Fix
11/8/13 Inside: DCAR Fighting to Keep Property Taxes Low, DDOE Crafting Lead Paint Presentation for YOU!
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Tax Commission AppearsUnmotivated to LowerRecordation & TransferTaxes
The Tax Revision Commission deliberated lastnight on their recently released Real PropertyPolicy Proposals, including Recordation &Transfer (R&T) taxes.
Although the Commissioners acknowledgedDCAR's call to lower R&T rates, they did notappear motivated to make any changes at this time. The current real estate market with asupposed "limitless" demand apparently makes economists hard-pressed to give buy ersand sellers relief. A more revenue neutral restructureing of the $400,000 "notch" didcreate some debate.
The Com m ission scheduled a Novem ber 12 hearing and DCAR needs helpcontinuing this fight. Do you have a client whose transaction was held upbecause of DC's high R&T taxes, or wiped out their savings? Send us first-handaccounts ASAP to show the Com m issioners R&T taxes hurt real residents andare not just a way for brokers to m ake m ore in com m ission!
DC's 'Height Act' Faces VocalOpposition
DC's 'Height Act' made news this month after theNational Capital Planning Commissionrecommended changing the 103-y ear-oldHeight of Building Act after a ten month study .The study was requested by Rep. Darrell Issa (R-CA) who chairs the House Oversight andGovernment Reform Committee.
The DC Council held a hearing of the issue on Monday , where DC Planning Director Harriet
11/8/13 Inside: DCAR Fighting to Keep Property Taxes Low, DDOE Crafting Lead Paint Presentation for YOU!
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Tregoning argued in favor of changes to the legislation, calling it 'arbitrary ' and 'antiquated'.
Supporters for the 'Height Act' came to the meeting in full force opposed to raising thesky line cap and urged the council to delete preserve the original plan for the District.
The National Capital Planning Com m ission will continue to review the issueand DCAR will m onitor it as well.
Living Large With DCAR
Lead Paint RegulationsPresentation by DDOEAlmost Sold-Out!
Don't miss out on this opportunity to getbrought up-to-speed to hear first-hand fromthe DC Department of the Environmentabout the latest lead-based paint regulationsin DC. Associate Director Pierre Erv ille andChief of Compliance and Enforcement AmberSturdivant from the DDOE will presentinformation customized for real estateagents. This is a great opportunity for y ou tolearn and ask questions!
Seating is limited, Register today !
Event Details:Date: Wednesday , November 13, 2013T im e: 11 :30 am to 1 :30 pmLocation: NAR Building 500 New Jersey Avenue, NW Suite 310 Washington, DC 20001
The District Scoop
Top News of the Week: Grow High or Grow Low: DC Official Say s City Must ChangeD.C.'s planning chief opened up Monday 's hearing on proposed Height Act changes by
11/8/13 Inside: DCAR Fighting to Keep Property Taxes Low, DDOE Crafting Lead Paint Presentation for YOU!
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throwing down the gauntlet - raise height limits to some degree, or rezone residentialcommunities for higher density .
DC Opens Battle over Minim um Wage IncreaseA month after May or Vincent C. Gray (D) vetoed a bill to force Wal-Mart to pay itsemploy ees 50 percent more than the city 's current minimum wage, four competingproposals headed to a D.C. Council committee this week will renew the debate over how tobalance the push for higher wages with the desire to keep investment and jobs flowing intothe city .
Vincent Gray to Address DC Republicans on HalloweenSome people, come Halloween, v isit spooky pumpkin patches or elaborate houses ofhorrors. Democratic May or Vincent C. Gray , this y ear, is planning to v isit the Capitol HillClub, the inner sanctum of the national Republican elite.
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