Who is responsible for determining compensation rates for properties?

The responsibility for determining compensation rates for properties largely falls to the DC Office of Tax and Revenue. This office plays a crucial role in assessing property values for tax purposes, which encompasses setting the rates at which properties are taxed. This assessment affects how much owners and tenants may ultimately have to pay, as it ties directly into municipal revenue through property taxes.

While property owners may advocate for certain rates based on personal interests, and real estate developers may influence market value through new projects, the ultimate authority lies with the governmental body that has the structured process for property valuation and taxation. The Federal Housing Authority primarily deals with financing and insurance programs for housing and does not set compensation rates.