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Loudoun County Wants to Increase Real Estate Taxes?!

Loudoun County and the Town of Middleburg are proposing to increase property tax levies, mostly based on reports of an increase in property value assessments controlled and assessed by the County. 

Loudoun County justifies the tax increase based on inflation and 10-25% increase in property values from 2020-2021; Loudoun is currently entertaining at least 2-3% increase, with some households being assessed more.

2022, according to Loudoun County, excluding additional assessments due to new construction or improvements to property, exceeds last year’s total assessed value of real property by 15.13%. As a result, a $650,000 assessed single-family home could go up around $53, while townhomes have increased value at a more aggressive rate resulting in potential tax bills of an additional $136 per year.

The first announcement of this meeting was prominently advertised in Loudoun Now on February 17 in accordance with the Virginia state code.

According to the Virginia state code, the announcement of this public hearing must appear in the county newspaper in at least 18 point type and take up one-eighth of a page in any section except the legal notice/classified section. 

How Loudoun County citizens will handle the news amidst dropping value of the US dollar due to the inflation has yet to be fully expressed.

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