Higher Real Estate Taxes in Loudoun County

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Real Estate Agent with Tanya & Co./Keller Williams
The Board of Supervisors adopted a new tax rate for Loudoun County on April 1st. The new real estate tax rate is $1.14 for every $100 of a home's assessed value. This is the highest rate for Loudoun County since 1981. The rate in 2008 was 96 cents.  Even with the higher tax rate, the Board of Supervisors said the county's public school system will fall short of what the School Board said it needed from county tax dollars. Homeowners won't be happy with the higher rate because most homes would sell right now at a price far lower than the assessed values from Loudoun County.
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Rainer
31,747
Ernie & Barb Suto
Century 21 Preferred Realty - Pompton Lakes, NJ
Can you file a tax appeal?  Taxes in NJ are rediculous, so nothing would shock us!  The school budget is about 80% of the taxes, we thought the lottery was supposed to help that.  Our governor even wanted to put toll booths on Route 80!  It's like getting blood out of a stone.
Apr 02, 2008 07:45 PM #1
Rainer
8,649
Tanya Johnson
Tanya & Co./Keller Williams - Ashburn, VA
I know it has been tough on the state and county governments with the real estate revenue decreasing so much. You can file an appeal but their assessments, etc. are pretty standard unfortunately across the board. Thank you for reading my post.
Apr 02, 2008 08:34 PM #2
Anonymous
Anonymous
I just posted a blog that our tax assessments are going to be going up in July.  Our tax rate is only .89 per 100 but still how can this be when mortgages are saying it is a declining market?    
Apr 02, 2008 08:39 PM #3
Rainer
8,649
Tanya Johnson
Tanya & Co./Keller Williams - Ashburn, VA
I guess if the county needs more money, they need more money. Election time is over so what does the Board care? Thanks for reading!
Apr 02, 2008 08:43 PM #4
Rainmaker
728,298
Lanre-"THE REAL ESTATE FARMER" Folayan
Keller Williams Capital Properties-Buy a home in Washington DC. Sell a home in Washington DC - Washington, DC
How much is my Washington DC House Worth?

Tanya- You said it. The county needs money. They have to get it somewhere. This is not good news for homeowners who feel that they are already paying too much to begin with. And thanks for your comments on the BPO COMPANIES. Have any favorite companies that you would recommend for me? Great post.

May 26, 2008 05:29 PM #5
Rainer
8,649
Tanya Johnson
Tanya & Co./Keller Williams - Ashburn, VA

Lanre,

Thanks for your response. I would be happy to share any info on BPO companies that I have. I am new to this. I have gotten alot of info from Active Rain. I will look through my notes and see who I signed up for.

May 28, 2008 09:03 PM #6
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Tanya Johnson

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