The Transfer and Recordation Tax Appeals Amendment Act of 2025 aims to amend the District of Columbia's deed transfer and recordation tax laws, allowing transferors and transferees of real property to appeal the fair market value used in calculating their taxes. This bill provides a mechanism for these parties to contest tax assessments that they believe are unjustly high, thereby promoting the turnover of underutilized properties. The proposed changes include the ability to file a petition for review of fair market value determinations and to appeal final decisions to the Real Property Tax Appeals Commission or the Superior Court.

Key amendments include the addition of new subsections that outline the process for filing appeals and petitions regarding fair market value determinations. Specifically, the bill introduces provisions for transferors and transferees to appeal to the Real Property Tax Appeals Commission and the Superior Court, as well as to seek administrative reviews within specified timeframes. Additionally, the language in existing law is updated to incorporate references to fair market value alongside assessed value and classification, ensuring that all relevant factors are considered in tax determinations.