The Transfer and Recordation Tax Appeals Amendment Act of 2026 amends the District of Columbia Real Estate Deed Recordation Tax Act to allow transferors or transferees of real property to petition for a review of the fair market value used in calculating taxes on property transfers. The bill introduces a new subsection that enables these parties to appeal the fair market value determinations made by the Office of Tax and Revenue (OTR) to the Real Property Tax Appeals Commission and subsequently to the Superior Court of the District of Columbia. This process is designed to provide a formal avenue for challenging the assessed values that impact tax liabilities.

Additionally, the bill makes several amendments to Title 47 of the District of Columbia Official Code, including changes to the language regarding fair market value determinations and the appeals process. Notably, it allows for administrative reviews of fair market value determinations within 45 days of the tax being imposed and clarifies the rights of transferors and transferees to appeal these determinations. The amendments also ensure that the appeals process is consistent and accessible, requiring that any associated transfer or recordation taxes be paid before an appeal can be filed in court.