Higher Real Estate Taxes in Loudoun County
Wednesday, April 2nd, 2008The 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. Click here for the public news release.
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