Avanti Real Estate Services, LLC Real Property Tax Relief Emergency Act of 2025

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Plain-English Summary

This bill allows the Chief Financial Officer to forgive up to $377,000 in real property taxes and related charges for a property owned by Avanti Real Estate Services, LLC in Fiscal Year 2026. This tax relief is conditional on the property being used by Avanti Real Estate Services, LLC to provide real estate and brokerage services, create generational wealth through homeownership, employ District residents, and offer real estate education and training. If the taxes are forgiven, any past tax sales of the property related to those forgiven delinquencies will be canceled.

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