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Below is a snapshot of key features of the District of Columbia's tax system. (Scroll Down)
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State & Local Revenue (FY08)
- General Revenue, Own-Source (GROS): $7 billion
- General Revenue as a Share of Income: 18.1%
- Tax Revenue: $5.4 billion
- Tax Revenue as Share of income: 13.9%
- Personal Income Tax (Share of Tax Revenue): 25.1% (23 out of 51)
- Corporate Income Tax (Share of Tax Revenue): 7.8% (6 out of 51)
- Sales & Excise Tax (Share of Tax Revenue): 25.7% (41 out of 51)
- Property Tax (Share of Tax Revenue): 32% (21 out of 51)
- Other Taxes (Share of Tax Revenue): 8.8% (4 out of 51)
Personal Income Tax Features (2011)
- Range of Tax Rates: 4.0% - 8.5%
- Standard Deduction: 4000
- Personal Exemption: $1,675
- Dependent Exemption: $1,675
- Earned Income Tax Credit (EITC): 40% Refundable
Corporate Income Tax Features (2011)
- Range of Tax Rates: 9.975%
- Income Level at Which Top Rate Applies: All
- Combined Reporting: Yes
- Apportionment Factor (Payroll): 33%
- Apportionment Factor (Property): 33%
- Apportionment Factor (Sales): 33%
Sales Tax Features (2011)
- State Sales Tax Rate: 6.00%
- Average Local Sales Tax Rate: N/A
- Average Combined State & Local Sales Tax Rate: 6.00%
- State Sales Tax Treatment of Groceries: Exempt
- Local Sales Tax Treatment of Groceries: N/A
- Number of Services Taxed: 73 out of 168 surveyed
- Streamlined Sales Tax Membership: No
Property Tax Features (2011)
- Homestead assessment increases capped at 10% per year.
- Provides one of the largest property tax homestead exemptions in the country.
- Provides a circuit breaker for homeowners and renters of all ages
Other Tax & Revenue Features (2011)
- Gasoline Tax Rate (per gallon): $0.235
- Diesel Tax Rate (per gallon): $0.235
- Cigarette Tax Rate (per pack): $2.50
- Estate or Inheritance Tax: Yes
- Net Lottery Sales Per Capita: Unknown
Tax Policy Oversight
- Tax Expenditure Report: Yes
- Tax Incidence Analysis Capability: None
Last Updated August 25, 2011
Sources & Glossary |