District of Columbia Real Property Tax Revision Act

[AI summary unavailable — showing source text] District of Columbia Real Property Tax Act - Title I: Short Title, Statement of Purpose, and Definitions - Declares the intent of Congress to revise the real property tax in the District of Columbia, enumerating the objectives of such revision, including equitable sharing of the financial burden of the District of Columbia and full public information regarding assessments and appeal procedures. Defines the terms used in this Act. Title II: Authority and Procedure to Establish Real and Personal Property Tax Rates - Levies, for each fiscal year, a tax on real property in the District of Columbia. Directs the District of Columbia Council to set the rate of such taxation. Directs the Commissioner of the District of Columbia to submit annually a proposed real property tax rate for the next fiscal year. Requires that he submit additional specified information at such time, including: (1) the total aggregate assessed value of taxable real property by major classes of property, and (2) all information on tax exempt property. Directs the Council to compare tax burdens in the District with the tax burdens of property in the vicinity of the District in establishing the District's tax rate. Re…