(Washington, DC) - The District Office of Tax Revenue has implemented a split on the tax rate for Class 2 properties, lowering the rate to $1.65 for the first $3 million of assessed value and $1.85 for assessed value more than $3 million. For example, if property is assessed at $3.5 million, $3 million is calculated using the new rate of $1.65. The remaining balance of $500,000 is calculated at the rate of $1.85.