Since January, 2003
            
 Sliding from Before to After

It's assessment season again, and the Examiner reports that, citywide, commercial property assessments are down 10 percent, with residential numbers dropping between three and four percent. So I fired up the database I keep of the numbers for Near Southeast, added the new data as I do each year when the new numbers come out, and came up with a total assessed value for all properties of just under $5.9 billion, which is a 1.8 percent drop from the $6.01 billion tally reported in March of 2009.
But, wait! As I dug a little further, I found a flaw in my methodology that hadn't quite occurred to me before this year (though it probably hadn't been an issue too often before now): 11 of the big commercial buildings in Near Southeast had apparently appealed their initial 2010 assessments (sent out last year), lowering their tax bills by between 2 percent and 38 percent, from a combined $1.13 billion in the initial assessments to $909.36 million post-appeals. (Ten other buildings are showing no change in those assessments, and one--909 New Jersey--actually saw an 8 percent bump upwards, which was probably more of a function of the initial estimate being from before the building was completed.)
Taking these changes into account, the total assessments for 2010 for the neighborhood is closer to $5.88 billion, meaning that tally of the 2011 numbers just released of $5.89 billion would actually be a 1.9 percent increase. Except that I imagine that some property owners will be appealing again (since some of the 2011 numbers go right back to the original 2010 numbers that were appealed), and the $5.99 billion number will come down again.
Not all property in the neighborhood took a hit--with the opening of the first portions of Capitol Quarter, the blocks between Fourth and Fifth Street saw an increased value of $33 million, and the completion of Velocity raised the assessed value of its block from $99 million to $162 million.
And, since everyone will want to know: the behemoth of the area--Nationals Park--has an assessment unchanged from last year, at just a hair under $1 billion.
I'll check the numbers again later this year to see how many proposed 2011 assessments get altered.
Here's a quick table of the big properties that saw their 2010 assessments change from the original number released early in 2009:
Property Original 2010 Revised 2010 % Diff. Proposed 2011
300 M $132.26M $82.00M -38% $74.69M
55 M $162.60M $110.66M -32% $110.66M
80 M $124.08M $92.75M -25% $111.27M
100 M $90.98M $68.18M -25% $90.98M
1201 M (Martime #1) $87.97M $72.57M -18% $64.74M
1100 NJ $142.79M $121.40M -15% $139.16M
100 I $85.20M $73.00M -14% $85.20M
70 I $132.28M $119.00M -10% $132.28M
1000 NJ * $84.46M $81.06M -4% $79.75M
770 M (Blue Castle) $23.93M $23.17M -3% $23.93M
1220 12th (Maritime #2) $66.99M $65.57M -2% $47.57M
909 NJ $68.05M $73.58M 8% $79.93M
* This is for the residential portion of Capitol Hill Tower; the 2010 assessments on the Courtyard by Marriott show no change.
Comments (1)
   
 
 More About Capper

JDLand.com Home

Comments

G St says: (3/3/10 9:27 AM)
Yes, the mixed feelings on property taxes.

My house went up in value! Oh, wait - more taxes.

It went down! Lower taxes! Oh, wait - I may be stuck with it...


Add a Comment:

Comments are closed for this post.

JDLand Comments RSS Feed


 More News


See All Current News Items | Full Blog Archive

 
 Recent Posts

conngs0 on Tidbit Roundup: Ha! Yep. That doesn't mean it wasn't funny!
maximillion on Tidbit Roundup: Nice JD. I think the joke may have flown over conngs' head by a few degrees.
conngs0 on Tidbit Roundup: Well, they have a website, so do they get a point or two for that (kind of like ...
JD on Tidbit Roundup: So, you guys are saying that the Kelvin's web site rates an absolute zero?
Dan on Tidbit Roundup: The electric blue link text on a white background is not a great choice, either
walt on Tidbit Roundup: oh my, the website for The Kelvin is really terrible. Flyover links use outside...
Get JDLand Updates In Your Inbox!



City Government Data for Near Southeast Records added or updated recently displayed here; click the "archive" links to see additional detail and older records. All data from DC Government databases and RSS feeds. JDLand takes no responsibility for errors, omissions, etc. (read CapStat disclaimer). Data is retrieved daily.

Recent Crime Incidents Archive  
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/24/19
300 B/O K ST SE   HOMICIDE
Murder I
 06/22/19
50 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/21/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/21/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/20/19
100 B/O H ST SE   THEFT FROM AUTO
Theft 2nd Degree (theft From Motor Vehicle)
 06/19/19
400 B/O M ST SE   THEFT
Shoplifting
 06/19/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 06/18/19
400 B/O M ST SE   THEFT
Shoplifting
 06/17/19
1100 B/O NEW JERSEY AVE SE   THEFT
Theft 2nd Degree (theft From Building)
 06/16/19
50 B/O M ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/16/19
100 B/O H ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/14/19
400 B/O M ST SE   ASSAULT WITH A DANGEROUS WEAPON  06/12/19
1100 B/O 8TH ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/09/19
700 B/O L ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 06/09/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 06/06/19
1300 B/O 4TH ST SE   THEFT
Theft First Degree (all Other Larceny)
 06/06/19
400 B/O M ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 06/05/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (theft From Building)
 06/03/19
1385 CANAL ST SE   THEFT FROM AUTO
Theft (theft From Motor Vehicle)
 05/31/19
400 B/O M ST SE   THEFT
Theft 2nd Degree (all Other Larceny)
 05/30/19
1300 B/O 4TH ST SE   MOTOR VEHICLE THEFT
Theft First Degree (Stolen Auto)
 05/28/19

Recent Issued Building Permits Archive  
1100 1ST ST SE   
06/14/19 
ONYX ACQUISITION LLC / SEJDI SINANI
B1911055 / CONSTRUCTION
REPLACING DAMAGED CAULKING ON THE BRICK JOINTS
1100 2ND PL SE 100   
06/07/19 
CBRE / null
P1906844 / SUPPLEMENTAL
1100 2ND PL SE   
06/06/19 
CBRE / null
E1908130 / SUPPLEMENTAL
   
06/12/19 
SQUARE 768N OWNER LLC / FRANK CAVANAGH; FRANK CAVANAGH; SEE BELOW
SG1900341 / CONSTRUCTION
Install one LED illuminated sign 1' x 15.91' = 15.91 sq
915 4TH ST SE   
06/03/19 
ALAN VATON / RICHARD J SHELER
E1908023 / SUPPLEMENTAL
1017 4TH ST SE   
06/03/19 
MICHAEL D MORAWSKI / null
E1908024 / SUPPLEMENTAL
70 I ST SE APT 103   
05/29/19 
null / NA NA NA
EHOP19992424 / HOME OCCUPATION
200 I ST SE   
06/05/19 
DISTRICT OF COLUMBIA / ROGER L PEACE; NA
B1909927 / CONSTRUCTION
Building a wall to separate the room
100 M ST SE   
06/19/19 
PARSONS / KENNY MERINO; NA
B1908795 / CONSTRUCTION
Interior Demolition and Renovation to 684 Sq Ft of work in order to reduce suite space.
250 M ST SE   
06/12/19 
null / WILLIAM E BREIDENBACH
E1908365 / SUPPLEMENTAL
   
06/17/19 
BRIAN STROTT, WC SMITH / STEPHANIE KEHOE
AH1900974 / CONSTRUCTION
PLACING A CRANE ON 3RED STREET SE TO ERECT TOWER CRANE. ANC HAS PROVIDED SUPPORT LETTER FOR THIS WORK
410 M ST SE   
06/03/19 
DISTRICT OF COLUMBIA HOUSING / STEVE MIROY; NA
B1908576 / CONSTRUCTION
Boiler room upgrade
410 M ST SE 20001   
06/14/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARC R. COLLIER
P1907000 / SUPPLEMENTAL
410 M ST SE   
06/14/19 
DISTRICT OF COLUMBIA HOUSING AUTHORITY / MARC R. COLLIER
FB1900083 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 7TH FL 20590   
06/04/19 
JBG/FEDERAL CENTER LLC / MICHAEL P. LYONS
E1908050 / SUPPLEMENTAL
1100 NEW JERSEY AVE SE   
05/31/19 
SQUARE 742 LLC / PETER MILLER
D1900736 / CONSTRUCTION
Demo of interior space to white box condition for future retail tenant. Includes fixtures, furnishings, and partitions.
79 POTOMAC AVE SE   
06/14/19 
RIVERFRONT HOLDINGS I LLC / ; JOE SPINELLI
B1909001 / CONSTRUCTION
Alteration to an existing restaurant’s Summer Garden Patio, CO1702427, to increase layout and occupancy to 154 seats, 62 standing, 4,025sqft. No change to existing interior f 100 seats and 143 occ load. Combined interior and exterior maximum occupancy load of 359.
201 TINGEY ST SE   
06/11/19 
JBG/SEFC 170 LLC / SOPHIA FLORENDO-STEVENS
B1910809 / CONSTRUCTION
Public food market Saturdays June 2019 to October 2019, 11am to 6pm. Tents and picnic tables for a public market. No changes to the space.
227 TINGEY ST SE   
06/13/19 
null / MYRA TELEZ
SP1900024 / CONSTRUCTION
Construct Hot / Cold spa on 2nd floor. Indoor facility.
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

Real Property Sales Archive  
No commercial transaction records added or modified in the past two weeks.


Project Directory
Completed
Yards/Guild Apts. ('19)
Capper/The Harlow ('19)
New DC Water HQ ('19)
Yards/Bower Condos ('19)
Virginia Ave. Tunnel ('19)
99 M ('18)
Agora ('18)
1221 Van ('18)
District Winery ('17)
Insignia on M ('17)
F1rst/Residence Inn ('17)
One Hill South ('17)
Homewood Suites ('16)
ORE 82 ('16)
The Bixby ('16)
Dock 79 ('16)
Community Center ('16)
The Brig ('16)
Park Chelsea ('16)
Yards/Arris ('16)
Hampton Inn ('15)
Southeast Blvd. ('15)
11th St. Bridges ('15)
Parc Riverside ('14)
Twelve12/Yards ('14)
Lumber Shed ('13)
Boilermaker Shops ('13)
Camden South Cap. ('13)
Canal Park ('12)
Capitol Quarter ('12)
225 Virginia/200 I ('12)
Foundry Lofts ('12)
1015 Half Street ('10)
Yards Park ('10)
Velocity Condos ('09)
Teague Park ('09)
909 New Jersey Ave. ('09)
55 M ('09)
100 M ('08)
Onyx ('08)
70/100 I ('08)
Nationals Park ('08)
Seniors Bldg Demo ('07)
400 M ('07)
Douglass Bridge Fix ('07)
US DOT HQ ('07)
20 M ('07)
Capper Seniors 1 ('06)
Capitol Hill Tower ('06)
Courtyard/Marriott ('06)
Marine Barracks ('04)


Overviews
Capper/Carrollsburg
Anacostia Riverwalk
New Jersey Avenue
M Street
South Capitol Street
The Yards
Lower 8th Street
East M Street
Boathouse Row





                  © Copyright 2019 JD.