How much is property tax on a $350,000 home in Washington DC?

At Washington DC's median effective rate of 0.56%, property tax on a $350,000 home is about $1,960/year — or $163/month added to your mortgage escrow.

How much is property tax on a $250,000 home in Washington DC?

At 0.56%, property tax on a $250,000 home in Washington DC is about $1,400/year ($117/month).

How much is property tax on a $500,000 home in Washington DC?

At 0.56%, property tax on a $500,000 home in Washington DC is about $2,800/year ($233/month).

How is property tax calculated in Washington DC?

Washington DC property taxes are calculated by multiplying your home's assessed value by the local mill rate (set by your county and municipality). The effective rate accounts for any difference between assessed and market value. DC's 0.85% rate applies to assessed value, but the homestead deduction ($84,000 off assessed value) and 10% annual cap on value increases reduce the effective rate significantly for long-term owners.

Washington DC Property Tax Calculator — 0.56% Effective Rate | KalkWise

By the KalkWise Editorial Team Reviewed for accuracy Updated June 2026

What is the washington dc property tax calculator — 0.56% effective rate?

In short

Washington DC's median effective property tax rate is 0.56%. On a $350,000 home, that's about $1,960/year ($163/month). DC's 0.85% rate applies to assessed value, but the homestead deduction ($84,000 off assessed value) and 10% annual cap on value increases reduce the effective rate significantly for long-term owners.

This calculator estimates your annual and monthly Washington DC property tax based on your home's assessed value and the local effective tax rate. The 0.56% rate shown is the statewide median — your actual rate depends on your county and municipality.

How to use this calculator

1Enter your home's assessed value (from your property tax bill or county assessor website).
2The effective rate is pre-set to 0.56% — the Washington DC median. Adjust it to match your county's actual rate.
3Read your estimated annual property tax and monthly escrow amount.
4Compare rates across counties by adjusting the rate field.

The formula

annual tax=assessed value×effective rate

monthly escrow=annual tax12

Annual property tax = assessed home value × effective tax rate (0.56% for Washington DC median). Monthly escrow = annual tax ÷ 12.

assessed value: — The value assigned by your county assessor — often 80–100% of market value, depending on state rules
effective rate: — Total taxes paid ÷ home value — already accounts for exemptions and assessment ratios
annual tax: — Assessed value × effective rate
monthly escrow: — Annual tax ÷ 12 — typically collected with your mortgage payment

Worked example

The scenario

$350,000 home in Washington DC at the median effective rate of 0.56%.

gives

The result

Annual tax = $350,000 × 0.56% = $1,960. Monthly escrow = $1,960 ÷ 12 = $163.

Common use cases

Estimating annual property taxes before buying a home in Washington DC
Budgeting for escrow payments in a mortgage
Comparing property tax costs between counties or states
Planning cash flow as a landlord or investor

Limitations & assumptions

The 0.56% rate is the statewide median — your county rate may be significantly higher or lower. Check your county assessor's website for the exact rate.
Homestead exemptions, senior exemptions, and other credits can reduce your actual bill — this calculator uses the pre-exemption assessed value.
Assessed value may differ from market value depending on your state's assessment rules.

Frequently asked questions

The median effective property tax rate in Washington DC is 0.56%. DC's 0.85% rate applies to assessed value, but the homestead deduction ($84,000 off assessed value) and 10% annual cap on value increases reduce the effective rate significantly for long-term owners.

Disclaimer: KalkWise calculators are provided for general informational and educational purposes only and do not constitute financial, investment, tax, or legal advice. Results are estimates based on the figures you enter and the assumptions described above. Actual outcomes will vary. Consult a qualified professional before making financial decisions.

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