In news that serves as just comeuppance in the eyes of many area Democrats, Republican political mastermind Karl Rove is now finding himself in, well, luke-warm water over recent revelations that he has for years been receiving an illegal tax break on his $1.1 million home in the Palisades.
The break — known as the homestead exemption — allows District residents deduct $38,000 from the assessable value of their homes and caps annual property tax increases at 12 percent, a privilege limited in 2002 to include only those homeowners registered to vote in the city. This is where Rove seems to have tripped up — he’s registered in Texas, not the District. As penance for what he termed an oversight, Rove has agreed to pay $3,400 in back taxes to the city and forego the exemption from now on.
Not that this is anything new, though — the Post reported in May that 22 senators were similarly enjoying the homestead exemption on their homes in the District, though none of them were registered to vote here.
Martin Austermuhle