D.C. Mun. Regs. tit. 9, r. 9-202
The taxable value of any estate for years shall be determined by multiplying five percent (5%) of the market value of the property from which the estate accrues by the figure shown in the table in § 202.3 opposite the number of years for which the estate is fixed.
The taxable value of a fixed annuity shall be determined by multiplying the aggregate fixed sum or sums to be received each year by the figure shown in the table in § 202.3 opposite the fixed number of years during which the annuity is to run.
FIXED ANNUITY TABLE (5%): Present worth of an annuity of one dollar ($ 1) payable at the end of each year for a certain number of years:
Years | Years | Years | Years | ||||
1 | $ 0.9524 | 21 | $ 12.8212 | 41 | $ 17.2944 | 61 | $ 18.9803 |
2 | 1.8594 | 22 | 13.1630 | 42 | 17.4232 | 62 | 19.0288 |
3 | 2.7232 | 23 | 13.4886 | 43 | 17.5459 | 63 | 19.0751 |
4 | 3.5460 | 24 | 13.7986 | 44 | 17.6628 | 64 | 19.1191 |
5 | 4.3295 | 25 | 14.0939 | 45 | 17.7741 | 65 | 19.1611 |
6 | 5.0757 | 26 | 14.3752 | 46 | 17.8801 | 66 | 19.2010 |
7 | 5.7864 | 27 | 14.6430 | 47 | 17.9810 | 67 | 19.2391 |
8 | 6.4632 | 28 | 14.8981 | 48 | 18.0772 | 68 | 19.2753 |
9 | 7.1078 | 29 | 15.1411 | 49 | 18.1687 | 69 | 19.3098 |
10 | 7.7217 | 30 | 15.3725 | 50 | 18.2559 | 70 | 19.3427 |
11 | 8.3064 | 31 | 15.5928 | 51 | 18.3390 | 71 | 19.3740 |
12 | 8.8633 | 32 | 15.8027 | 52 | 18.4181 | 72 | 19.4038 |
13 | 9.3936 | 33 | 16.0025 | 53 | 18.4934 | 73 | 19.4322 |
14 | 9.8986 | 34 | 16.1929 | 54 | 18.5651 | 74 | 19.4592 |
15 | 10.3797 | 35 | 16.3742 | 55 | 18.6335 | 75 | 19.4850 |
16 | 10.8378 | 36 | 16.5469 | 56 | 18.6985 | 76 | 19.5095 |
17 | 11.2741 | 37 | 16.7113 | 57 | 18.7605 | 77 | 19.5329 |
18 | 11.6896 | 38 | 16.7113 | 58 | 18.8195 | 78 | 19.5551 |
19 | 12.0853 | 39 | 17.0170 | 59 | 18.8758 | 79 | 19.5863 |
20 | 12.4622 | 40 | 17.1591 | 60 | 18.9293 | 80 | 19.5965 |
The taxable value of life interest in any property shall be determined by multiplying five percent (5%) of the market value of the property (as of date of death of decedent) from which the life interest is to accrue, by the figure shown opposite the age of the beneficiary in the American Experience Table of Mortality in § 202.6.
The taxable value of an annuity for life shall be multiplied by the appropriate figure in the same table, instead of five percent (5%) of the value of the property from which the annuity accrues. If payments under an annuity are to be made more often than once each year, the aggregate of those payments per year shall be considered the annuity payment for purposes of determining the taxable value.
ANNUITY VALUATION TABLE BASED ON AMERICAN EXPERIENCE TABLE OF MORTALITY (WITH INTEREST AT 5%): Annuity or present value of one dollar ($ 1) due at the end of each year during the life of a person of specified age:
Age | Age | Age | |||
0 | $ 12.818 | 32 | $ 14.85666 | 64 | $ 7.75900 |
1 | 14.922 | 33 | 14.73492 | 65 | 7.45885 |
2 | 15.731 | 34 | 14.60774 | 66 | 7.15921 |
3 | 16.125 | 35 | 14.47479 | 67 | 6.86074 |
4 | 16.346 | 36 | 14.33572 | 68 | 6.56420 |
5 | 16.472 | 37 | 14.19057 | 69 | 6.27048 |
6 | 16.535 | 38 | 14.03897 | 70 | 5.98022 |
7 | 16.561 | 39 | 13.88092 | 71 | 5.69422 |
8 | 16.560 | 40 | 13.71604 | 72 | 5.41286 |
9 | 16.540 | 41 | 13.54430 | 73 | 5.13592 |
10 | 16.50475 | 42 | 13.36528 | 74 | 4.86279 |
11 | 16.46076 | 43 | 13.17891 | 75 | 4.59264 |
12 | 16.41469 | 44 | 12.98494 | 76 | 4.32477 |
13 | 16.36642 | 45 | 12.78344 | 77 | 4.05856 |
14 | 16.31581 | 46 | 12.57414 | 78 | 3.79392 |
15 | 16.26274 | 47 | 12.35728 | 79 | 3.53109 |
16 | 16.20722 | 48 | 12.13275 | 80 | 3.27017 |
17 | 16.14986 | 49 | 11.90076 | 81 | 3.01349 |
18 | 16.08779 | 50 | 11.66175 | 82 | 2.76062 |
19 | 16.02372 | 51 | 11.41594 | 83 | 2.51052 |
20 | 15.95658 | 52 | 11.16361 | 84 | 2.26066 |
21 | 15.88620 | 53 | 10.90499 | 85 | 2.00986 |
22 | 15.81257 | 54 | 10.64036 | 86 | 1.76061 |
23 | 15.73552 | 55 | 10.37017 | 87 | 1.51750 |
24 | 15.65484 | 56 | 10.09472 | 88 | 1.28611 |
25 | 15.57033 | 57 | 9.81450 | 89 | 1.06704 |
26 | 15.48176 | 58 | 9.52988 | 90 | 0.85453 |
27 | 15.38910 | 59 | 9.24127 | 91 | 0.64497 |
28 | 15.29210 | 60 | 8.94928 | 92 | 0.44851 |
29 | 15.19051 | 61 | 8.65445 | 93 | 0.28761 |
30 | 15.08425 | 62 | 8.35742 | 94 | 0.13605 |
31 | 14.97307 | 63 | 8.05876 |
The age of the beneficiary to be used is the age on the birthday of the beneficiary nearest the date of the death of the decedent.
In determining the value of any estate for life limited upon a precedent estate for life or a term of years, the value of the precedent life interest or a term of years shall be deducted, except where the time for payment of the tax is postponed under the provisions of § 7 of Article 1 of the Act.
Where an estate for life, or for years, can be divested by the act or omission of any legatee or devisee, it shall be taxed as if there were no possibility of such divesting.
In determining the value of the share or interest of a beneficiary in any estate where the beneficiary is presently in possession or enjoyment of the share or interest, no allowance shall be made on account of any contingent encumbrance nor for any contingency upon the happening of which the estate of property or some part of it or interest in it might be abridged, defeated, or diminished.
Income accrued but not collected at the time of the death of the decedent is subject to the tax and is to be included in the valuation of the property.
D.C. Mun. Regs. tit. 9, r. 9-202