 |
D.C. Municipal Regulations (Last Updated: September 13, 2017) |
 |
Title 9. TAXATION AND ASSESSMENTS |
|
Chapter 9-3. REAL PROPERTY TAXES |
Section 9-362. DETERMINATION OF ASSESSED VALUE OF REAL PROPERTY WITH CONSTRUCTION IN PROGRESS
-
362.1For construction in progress, sixty-five percent (65%) complete shall be based on how components of an improvement contribute to the overall base structure. A tenant finish is not a component of a structure that contributes to the overall base structure.
362.2The following guide shall be used to estimate the percentage of completion for a single family detached residence:
PERCENTAGE OF COMPLETION
Percentage of total
Cumulative Percentage of total
Plans, permits and survey
2%
2%
Excavation, forms, water/sewage hookup
hookup
4
6
Concrete
8
14
Rough framing
21
35
Windows and exterior doors
2
37
Roof cover
3
40
Rough-in plumbing
4
44
Insulation
1
45
Rough-in electrical and mechanical
11
56
Exterior
6
62
Interior
8
70
Built-in cabinets, interior doors, trim, etc.
etc.
13
83
Plumbing
5
88
Floor covers
3
91
Built-in appliance
3
94
Light fixtures and finish hardware
2
96
Painting and decorating
4
100
100%
362.3The following guide shall be used to estimate the percentage of completion for all other structures:
PERCENTAGE OF COMPLETION
Percentage of total
CumulativePercentage
of total
Plans, permits, and survey
2%
2%
Foundation
6
8
Slab and Frame
24
32
Exterior Walls
14
46
Roof
2
48
Electricity
5
53
Heat & Air Conditioning
15
68
Plumbing
9
77
Misc. Equip., Elevators, Etc.
2
79
Sprinklers
2
81
Interior Partitions (Studding),
Interior Finish (Lath) (Dry Wall)
(Plaster) (Tape), Carpentry & Millwork., Tiling, and Flooring
15
96
Paint
2
98
Landscape, Paving
2
100
100%
362.4For renovations, additions that are not new structures, and other additions, the Deputy Chief Financial Officer may consider the taxpayer's submitted "Schedule of Costs" (FP 315) when determining the assessed value of the real property.
362.5In determining the assessed value of real property where there is construction in progress and sixty-five percent (65%) of the total estimated construction is determined to be complete, the Deputy Chief Financial Officer may consider the "Schedule of Costs" (FP 315).
362.6In considering the "Schedule of Costs," the Deputy Chief Financial Officer shall rely primarily on the Percentage of Completion Guides in §§ 362.2 and 362.3.