Housing Complex

More on How Property Reassessments Are Killing D.C.’s Budget

For the past two days, the Washington Post has been reporting on CFO Nat Gandhi's changing income projections for the next two years. Property reassessments have been a major problem. "Some properties—just a few—are worth up to $600 million dollars...Once that's reduced–you're talking millions of dollars they're going to get a break on their taxes," says reporter David Nakamura. Here's the latest:

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