Higher tax rate considered for owners

Published September 27, 2007 4:00am ET



A D.C. Council committee this week agreed to double the tax rate on abandoned and dilapidated properties, a move likely to generate millions in additional revenue while perhaps spurring land owners to renovate and develop their holdings.

“The fine system is only somewhat effective,” Ward Council Member Jim Graham said Wednesday. “What really will work is when we reach into these guys’ pockets and take their money from them.”

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