On June 17, 2024, the D.C. Policy Center was cited by Axios:
Revenue from the new tax, which got final approval from the D.C. Council last week, will essentially “be driven by a small subset of neighborhoods, primarily in the Northwest,” the D.C. Policy Center wrote.
The increase will give the District $5.7 million in additional revenue in fiscal year 2025, according to the D.C. Policy Center.
Read More: Map: Neighborhoods most affected by D.C.’s “mansion tax”
Additional reading: Chart of the week: Proposed “mansion tax” would generate tax revenue from small group of D.C. property owners