- The Washington Times - Tuesday, April 4, 2006

Online exclusive

D.C. Council Chairman Linda W. Cropp, a Democrat, said today she wants to exempt property sold for less than $500,000 from a tax increase that District Mayor Anthony A. Williams plans to impose on property sales and purchases.

“I will be looking at not hitting the residential [market] under $500,000 because of what it does for people who are trying to buy their house and particularly on that lower level,” Mrs. Cropp said. “It may prevent them from buying that house. If, in fact, were looking at improving housing policies, in our mind it makes it harder for affordable house buyers to buy houses.”

Mr. Williams proposal, presented in his fiscal 2007 budget, would raise the deed and recordation tax from 1.1 percent to 1.5 percent. It would bring the city about $47 million in revenue in 2007.

Mrs. Cropp, who is running for mayor, also said she would look into exempting first-time District home buyers from the tax increase.

The mayors proposal came about two weeks after the council rejected a 0.1 percent raise for the same tax.

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