20004 Property Tax Rate

Property owners in ZIP code 20004 (Washington, District of Columbia) pay a median of $4,650/year in property taxes on homes valued at $650,700. This translates to an effective tax rate of 0.71%, which is 21% above the District of Columbia state average of 0.59%.

The monthly property tax burden for a median-valued home in 20004 is approximately $388, which factors into escrow payments on mortgages. This ZIP code is located within District of Columbia. This is $205 more than the District of Columbia average of $4,445/year.

Compared to similar ZIP codes in District of Columbia, 20004 has higher property taxes. ZIP codes with similar effective rates include 20015 (0.71%) and 20009 (0.68%).

In Washington, property taxes represent approximately 2.9% of the median household income of $161,359, providing context for the relative tax burden on homeowners in this area.

The District of Columbia assesses property at 100% of market value with no statewide reassessment cap; DC reassesses at sale, so your property tax obligation reflects your purchase price. Apply for the Homestead Deduction (up to $72,500 off assessed value for primary residences) with the DC Office of the Assessor within 120 days of closing; this is the primary tax relief available to owner-occupants. File your homestead application early at otr.dc.gov/service/homestead-deduction to ensure you receive the exemption on your first tax bill.