In a continued effort to assist commercial real estate owners who have been negatively impacted by the COVID-19 pandemic, the Office of Tax and Revenue (OTR) is extending the deadline for taxpayers who wish to appeal their tax year 2022 real property tax assessments (value date January 1, 2021). As we previously highlighted in this recent tax development, it is imperative that taxpayers file a protective appeal of their tax year 2022 assessment as well as an income and expense (I&E) report reflecting calendar year 2020 operations. Noncompliance and incomplete submissions are subject to a penalty equal to 10% of the real property taxes due for that tax year.
There have been many issues with the newly implemented online tax system. Taxpayers have reported problems obtaining confirmation of filing for assessment appeals, difficulty saving drafts of I&E forms, and the inability to access the Mixed-Use Declaration forms.
|
Required Action |
Extended Deadline |
|
First-Level Assessment Appeals (TY 2022) |
April 15, 2021 |
|
I&E Report and Supporting Documents |
May 17, 2021 |
Please note that the first half tax year 2021 real property tax payment deadline will remain March 31, 2021. There are currently some 7,000 tax bills that are on delayed billing because of outstanding or unprocessed decisions by the Real Property Tax Appeals Commission (RPTAC). These decisions were to be issued by February 1, 2021, which would have allowed OTR time to process any changes in assessed value. Unfortunately, because of staffing issues and COVID-19, many decisions for commercial properties are still outstanding.
All filers must submit their real property tax forms electronically at MyTax.DC.gov. The experts at Ryan can help you navigate an increasingly difficult process to ensure you avoid penalties and minimize your tax liability. Please reach out if you have any questions or if you need assistance.
TECHNICAL INFORMATION CONTACTS:
Cutchin Powell
Principal
Ryan
202.470.3094
cutchin.powell@ryan.com
Steve Thompson
Principal
Ryan
202.470.3102
steve.thompson@ryan.com
Grant Steinhauser
Senior Manager
Ryan
703.746.0022
grant.steinhauser@ryan.com
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals. For additional information about this topic, please contact us at info@ryan.com.