Thursday, April 4, 2013
The Board of Supervisors approved the FY 2014 budget along with a $1.205 real estate tax rate; what will it do to your tax bill?
The Loudoun Board of Supervisors on Wednesday approved a $1.8 billion FY 2014 budget that equates to a slightly reduced tax rate for the average landowner. Supervisors lowered the tax rate from $1.235 per $100 of assessed valued to $1.205, which equates to a $69 for a $405,977 home. The personal property tax rate remains unchanged at $4.20 per $100. Supervisors opposing the budget and tax rate said they preferred to make additional cuts. Supervisor Suzanne Volpe (R-Algonkian) said increased assessments in eastern Loudoun mean that the new tax rate, even though it’s lower than the current rate, “in effect is a tax increase in my district.” However, Supervisor Matt Letourneau (R-Dulles) said there were many speakers at budget hearings …
Wednesday, April 3, 2013
The Loudoun Board of Supervisors have a wide range of topics scheduled Wednesday.
Among the many items on the Loudoun Board of Supervisors’ agenda Wednesday are the county’s budget and tax rate, a proposal to construct a professional sports park at One Loudoun and proposals to construct parking decks at the Metro stations planned in Ashburn. The $2.8 billion county budget and the $1.205 per $100 of assessed value real estate tax that would support it are all but decided. While changes are not off the table, significant changes are unlikely at this point. School advocates and nonprofits pressed for additional funds, but supervisors held firm. As part of an agreement with Fairfax County and the state to lower the cost of constructing Metro’s Silver Line to Ashburn, Loudoun supervisors agreed to try to find a way to have a…
Thursday, February 7, 2013
The county administrator presented his budget proposal to Loudoun supervisors; public hearing dates announced.
County Administrator Tim Hemstreet told the Loudoun Board of Supervisors that the real estate tax rate in the county could be pushed lower than advertised without reducing revenue thanks to $15 million to $20 million in previously unanticipated assessment increases. Hemstreet presented his proposed FY 2014 budget to the board Wednesday, adding that supervisors could keep the rate at the advertised $1.23 per $100 of assessed value and fund additional county goals, or lower the rate 2-3 cents. The fiscal plan totals about $1.8 billion in appropriations for the general county government and school system. When initially advertised, $1.23 was the equalized rate, meaning the average tax bill would remain the same; now a lower rate would result…
Friday, March 2, 2012
The Loudoun board targets $1.21 rate; county would need to trim $50 million and schools $45 million from current proposals.
Tuesday, April 5, 2011
Ashburn fares well on school construction, while Leesburg gets courts renovation, juvenile jail in FY 12.
The average homeowner should not notice much difference in their tax bills this year after newly identified revenue enabled the Loudoun Board of Supervisors to drop an additional penny from the proposed real estate tax rate without cutting another dime Monday night. The approved a $2.5 billion budget with a capital improvement plan, or CIP, heavily focused on schools. Capital projects slated for FY 2012 also include projects in Leesburg, such as the Juvenile Detention Center and Phase III of Courts Complex renovation. In Ashburn several new schools made the CIP list, including an area high school initially slated for FY 2013 that was pushed up to FY 2012. That high school, HS-8, has been the subject of location debates, including a …
Thursday, January 20, 2011
Supervisors say advertised rate is not reflective of their budget intentions.
The debate over the real estate tax rate for FY 2012 divided the Loudoun County Board of Supervisors, which ultimately decided to alert county property owners that the rate could be set as high as $1.33 per $100 of assessed value. Spectators might have thought supervisors were fighting over the final tax rate, rather than the maximum rate that could be considered during budget negotiations. The impact of that rate — 3¢ higher than the current rate — on the average homeowner remained unclear to supervisors because final real estate assessment figures, which are expected Friday, have not been finalized by the assessor and crunched by the budget staff. While Supervisors Lori Waters (R-Broad Run) and Eugene Delgaudio (R-Sterling) pushed for a…