Real estatekeeps District financial condition healthy

Published



Despite a frail real estate market nationwide, the District nearly doubled its property tax haul in July compared with the same month in 2006, setting the city on pace for a stunning increase in tax collections this year.

Through July, D.C. collected $778.3 million in real estate taxes for fiscal 2007, a 29 percent jump over the $602.5 million garnered during the same 10-month period last year. The District took in $60.5 million in July alone, up 92 percent over July 2006.

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