DC Property Values are up 14.6% from last year, it seems. Data shows that most of the poor and working-class neighborhoods are showing some of the biggest gains. It should shock no one that DC property values are up, especially since we’re in the high-turnover post-election property sell-off and buy-up! To see that Kalorama and Georgetown are up 94% in 3 years, or Alexandria up 113% since 2000, though, that is a shock to me.

There’s the ugly side to this, though, in the tax assessments that come with increasing value. As I’m sure Tiffany ^[1] would say, any time you have to take out a loan just to pay your taxes, there’s something wrong. As property values climb, so, too, do the taxes based on those values, which puts many homeowners in the District in a bit of a pickle. With property taxes around 12-13% of the value of the property, that can sting pretty good.

If you’re interested in seeing the neighborhood by neighborhood breakdown, it’s available online ^[2].