# D.C. Code § 47-904: Consideration; basis for computation of tax

> District of Columbia · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-904

## Section

- **Citation:** D.C. Code § 47-904
- **Heading:** Consideration; basis for computation of tax
- **Jurisdiction:** District of Columbia
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** DC Code / Title 47 / Chapter 9 / § 47-904

## Text

Where no price or amount is paid or required to be paid for real property or where such price or amount is nominal, the consideration for the deed to such property, shall, for purposes of the tax imposed by this chapter, be construed to be the fair market value of the real property, and the tax shall be based upon such fair market value. In any such case, the return required to be filed with the deed shall contain such information as to the fair market value of the real property as the Mayor shall require. Whenever, in the opinion of the Mayor, a return does not contain sufficient information as to the fair market value of such real property, the Mayor is authorized to make a determination thereof from the best information available.

## Nearby sections

- [D.C. Code § 47-901 § 47-901. Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-901.md)
- [D.C. Code § 47-902 § 47-902. Enumeration of transfers exempt from tax.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-902.md)
- [D.C. Code § 47-903 § 47-903. Imposition of tax; rate; returns; liability for tax.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-903.md)
- [D.C. Code § 47-904 § 47-904. Consideration; basis for computation of tax.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-904.md)
- [D.C. Code § 47-905 § 47-905. Investigation by Mayor to determine correctness of documents; production of books and records; examination of witnesses; service of summons; punishment for disobedience.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-905.md)
- [D.C. Code § 47-906 § 47-906. Conditions for recordation.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-906.md)
- [D.C. Code § 47-907 § 47-907. Presumption; burden of proof.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-907.md)
- [D.C. Code § 47-908 § 47-908. Deficiencies in tax.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-908.md)
- [D.C. Code § 47-909 § 47-909. Interest; waiver; extension of time for payment.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-909.md)
- [D.C. Code § 47-910 § 47-910. Compromise; written agreements for settlement of tax liability; illegal acts; prosecutions.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-910.md)
- [D.C. Code § 47-911 § 47-911. Compromise of penalties.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-911.md)
- [D.C. Code § 47-912 § 47-912. Limitations; time for making assessments; extension of time by agreement; suspension of running of limitations.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-912.md)
- [D.C. Code § 47-913 § 47-913. Administration of oaths and affidavits.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-913.md)
- [D.C. Code § 47-914 § 47-914. Judicial review.](https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-914.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_DC_T47_C9_S47-904. Check the current official text before relying on it. Not legal advice.