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Call (866) 681-2140
Call (866) 681-2140
You run a business in Washington, DC, or rent out a furnished home there. We prepare your DC personal property tax return, known as DC PPT or Form FP-31, value your assets on DC's own depreciation rates and file it for you.
Call (866) 681-2140
Under the District of Columbia personal property tax, every individual, corporation, partnership or trust that owns business property in DC files Form FP-31 with the Office of Tax and Revenue. Under DC Code, renting out property is a trade or business. Software is exempt unless permanently built into other property and unavailable separately, or included in that property's cost.
You file if you have:
Vehicles registered in DC are exempt.
For DC's business personal property tax, you report remaining cost on July 1: what each asset cost, less straight-line depreciation at DC's own rates.
DC depreciation rates for common business assets
Straight line from the month you bought each asset, valued on July 1.
Office furniture, kitchen and restaurant equipment, air conditioning units
Building and lawn maintenance equipment, construction equipment
Copiers, carpets and rugs, TV and stereo equipment
Office computers and peripherals, called qualified technological equipment
Linens, china and utensils in service, small hand tools
Supplies, new linens in reserve, antiques and art
No accelerated methods or federal recovery periods.
Source: DC Office of Tax and Revenue, FP-31 instructions.
You run a DC restaurant and file the return due July 31, 2027, valuing your assets on July 1, 2027, at DC's current depreciation rates:
| Asset | How we figure it | Value on July 1, 2027 |
|---|---|---|
| Kitchen equipment, $600,000, bought July 2022 | 10% a year for 5 years | $300,000 |
| Dining furniture, $80,000, bought July 2013 | Capped at 75% depreciation | $20,000 |
| Office computers, $30,000, bought July 2025 | 30% a year for 2 years | $12,000 |
| Total value | Three assets | $332,000 |
| FP-31 tax | $107,000 over the exclusion × $3.40 per $100 | $3,638.00 |
We assume no other DC assets and no assets sold during the year. On a federal return, the 2013 furniture has no value left, yet DC still taxes $20,000 of it.
You file and pay by July 31 each year on MyTax.DC.gov, the only way DC accepts the FP-31, per the 2027 FP-31 instructions:
If you have never filed an FP-31 for your rental or business, send us any OTR notice and your federal depreciation schedule. We rebuild the asset list on DC's rates and file the missing years.
We confirm your MyTax.DC.gov account, and register you on Form FR-500 if DC has no record of you, since OTR no longer registers you from the return.
We take each asset's ID, date bought and cost from your depreciation schedule or books.
We assign each asset to a DC category, apply the floor and report assets you sold or discarded on Schedule C.
We import the schedules into MyTax.DC.gov and file, and you pay by ACH debit with no fee.
We value your assets on DC's rates and file by July 31.
We build a fixed asset list you update each year.
We file Form FP-129A with your tax payment.
We prepare the rental, partnership or corporate returns behind the FP-31. That includes the D-30 you file once your DC rental’s gross receipts are above $12,000 a year, per OTR’s rate page.
10,000+ Successful tax filings over the years
3,000+ Five star reviews
Federally Enrolled IRS Agents on staff
7am to 8pm Seven days a week
We quote a fixed fee before we start, based on:
The light end is one furnished rental with an up to date asset list and no missed years. These are the factors, not a quote.
Send your federal depreciation schedule and any OTR notice. A CPA or Enrolled Agent reviews them and tells you whether you owe DC personal property tax and what we charge to file.
Or call (866) 681-2140.
