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Bowers Proposes $1.2 Billion Operating Budget, with 13.6% Tax Rate Hike

Loudoun County Administrator Kirby Bowers has proposed a $1.2 billion operating budget for Fiscal Year 2009, which includes raising the tax rate by 25.6 cents.  This would raise property tax rates to $1.216 per $100 of assessed value; the current rate is 96 cents.  Which means that although many homeowners saw their assessments drop to put them in line with current market value, the average tax bill would go up about $640, or 13.6 percent.  The proposed budget still has to be worked out, though, and there will be public input. I’ll post dates and times when I have them for those of you inclined to make your voices heard.  According to the Washington Post article, Supervisor Jim Burton (I-Blue Ridge) said bluntly of the tax rate, “I’m quite sure we will reduce it.”  You can read the full text of the Washington Post article here.

Also, for any homeowners who are inclined to appeal their property tax assessments, which came out last week, you can read more about the  assessment process and how to appeal here.  You can even fill out the form online and submit it, although you probably want to print it out and submit it with documentation to back up your appeal.  Please let me know if you have any questions about the process.

Cheers,

Heather

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Michael and Heather Elias are full time real estate professionals and licensed REALTORS at Century 21 Redwood Realty. They sincerely hope you enjoy reading this blog, and would love the opportunity to work with you.



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