D.C. Mun. Regs. tit. 9, r. 9-362
For construction in progress, sixty-five percent (65%) complete shall be based on how components of an improvement contribute to the overall base structure. A tenant finish is not a component of a structure that contributes to the overall base structure.
The following guide shall be used to estimate the percentage of completion for a single family detached residence:
PERCENTAGE OF COMPLETION
Percentage of total | Cumulative Percentage of total | |
Plans, permits and survey | 2% | 2% |
Excavation, forms, water/sewage hookup hookup | 4 | 6 |
Concrete | 8 | 14 |
Rough framing | 21 | 35 |
Windows and exterior doors | 2 | 37 |
Roof cover | 3 | 40 |
Rough-in plumbing | 4 | 44 |
Insulation | 1 | 45 |
Rough-in electrical and mechanical | 11 | 56 |
Exterior | 6 | 62 |
Interior | 8 | 70 |
Built-in cabinets, interior doors, trim, etc. etc. | 13 | 83 |
Plumbing | 5 | 88 |
Floor covers | 3 | 91 |
Built-in appliance | 3 | 94 |
Light fixtures and finish hardware | 2 | 96 |
Painting and decorating | 4 | 100 |
100% |
The following guide shall be used to estimate the percentage of completion for all other structures:
PERCENTAGE OF COMPLETION
Percentage of total | CumulativePercentage of total | |
Plans, permits, and survey | 2% | 2% |
Foundation | 6 | 8 |
Slab and Frame | 24 | 32 |
Exterior Walls | 14 | 46 |
Roof | 2 | 48 |
Electricity | 5 | 53 |
Heat & Air Conditioning | 15 | 68 |
Plumbing | 9 | 77 |
Misc. Equip., Elevators, Etc. | 2 | 79 |
Sprinklers | 2 | 81 |
Interior Partitions (Studding), | ||
Interior Finish (Lath) (Dry Wall) | ||
(Plaster) (Tape), Carpentry & Millwork., Tiling, and Flooring | 15 | 96 |
Paint | 2 | 98 |
Landscape, Paving | 2 | 100 |
100% | ||
For renovations, additions that are not new structures, and other additions, the Deputy Chief Financial Officer may consider the taxpayer's submitted "Schedule of Costs" (FP 315) when determining the assessed value of the real property.
In determining the assessed value of real property where there is construction in progress and sixty-five percent (65%) of the total estimated construction is determined to be complete, the Deputy Chief Financial Officer may consider the "Schedule of Costs" (FP 315).
In considering the "Schedule of Costs," the Deputy Chief Financial Officer shall rely primarily on the Percentage of Completion Guides in §§ 362.2 and 362.3.
D.C. Mun. Regs. tit. 9, r. 9-362