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

sharksfansd on Meet the New: Kilwins opened up yesterday across from Nats Park. Didn't wind up going in, but ...
dcgent on Meet the New: I don't have a WBJ subscription but fyi Felice Development buys big Southeast de...
rpb on Meet the New: Taxi garage at New Jersey & L is being demolished today. Guessing the old Ea...
JD on Meet the New: Emmy Squared Pizza opening Friday at 5 pm at its space at 4th and Tingey, sez @t...
Andres4Mayor on Meet the New: Varnish Lane nail salon coming to the former GNC space.
Andres4Mayor on Meet the New: AT&T store now open in the former Capital One Bank space. Just a Verizon sto...
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  
No records added or modified in the past two weeks.

Recent Issued Building Permits Archive  
1300 4TH ST SE 1001   
02/22/21 
AP BOWER RETAIL LLC / null
E2104231 / SUPPLEMENTAL
1346 4TH ST SE APT 1M   
02/06/21 
null / NA NA NA
EHOP21945129 / HOME OCCUPATION
1331 4TH ST SE R-2   
02/08/21 
FC 1331 LLC / FC 1331 LLC
BP2101814 / POST CARD
10 I ST SE   
02/16/21 
CAPITOL HILL RACQUET CLUB / NA; VICTORIA STEINHOFF
SB2100112 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
555 L ST SE   
01/29/21 
UNITED STATES OF AMERICA / RENNE WELL; RICK HARLAN SCHNEIDER
B2102004 / CONSTRUCTION
DGS PROJECT REHABILITATION+RESTORATION OF THE HISTORIC LINCOIN FIELDHOUSE
861 NEW JERSEY AVE SE 20003   
02/23/21 
809-853 NEW JERSEY AVE ACQUISITION LLC / SUSANA VAZQUEZ
AH2100728 / CONSTRUCTION
Dismantling of tower crane.
809 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC 809-853 NEW JERSEY AVENUE ACQUISITION LLC / null
E2103926 / SUPPLEMENTAL
853 NEW JERSEY AVE SE   
02/11/21 
GREYSTAR GP LLC / null
E2103924 / SUPPLEMENTAL
861 NEW JERSEY AVE SE   
02/05/21 
GS CSX HOTEL OWNER LLC / null
E2103762 / SUPPLEMENTAL
1275 NEW JERSEY AVE SE   
02/02/21 
FC 1275 NJ LLC / null
E2103662 / SUPPLEMENTAL
   
02/11/21 
FC 1275 NJ LLC / null
P2103445 / SUPPLEMENTAL
848 SOUTH CAPITOL ST SE   
02/16/21 
CXS TRANSPORTATION INC / VICTORIA STEINHOFF; TBD
SB2100111 / CONSTRUCTION
Installation of up to six (6) 3-inch diameter direct-push Geoprobe borings to depths of up to 30 feet below grade as part of an environmental assessment.
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
Thompson Hotel ('20)
West Half ('19)
Novel South Capitol ('19)
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 2021 JD.