Loudoun County Tax Rates For FY15 Budget

The Loudoun County Board of Supervisors passed the close to $2.0 billion budget assuming a property tax rate of $1.155.  The property tax rate is slightly lower than the FY14 budget for Loudoun County but with increased assessments, the overall taxes paid by the homeowners will be relatively flat.

Learn more about the passed budget here..

Loudoun County Board Adopts $1.155 Tax Rate

Despite a last minute pleas from dozens of residents, parents and teachers to increase funding for Loudoun County Public Schools, the Board of Supervisors held to its earlier decision and adopted a FY15 real estate tax rate of $1.155, which will require the Loudoun County School Board to find almost $38 million in cuts to its requested budget.


The $1.98 billion budget was adopted on a 5-3-1 vote. Chairman Scott K. York (R-At Large), Vice Chairman Shawn Williams (R-Broad Run) and Supervisors Geary Higgins (R-Catoctin), Ralph Buona (R-Ashburn) and Matt Letourneau (R-Dulles) voted for the budget. Supervisors Ken Reid (R-Leesburg), Suzanne Volpe (R-Algonkian) and Eugene Delgaudio (R-Sterling) voted against the budget—Reid because he wanted more money for the school system; Volpe and Delgaudio because they wanted to see less spending.
Supervisor Janet Clarke (R-Blue Ridge) was absent for the meeting.

The adopted tax rate reflects the rate at which average homeowners would not see an increase in their tax bills, and meets the board’s goal of trying to limit the tax burden on property owners. The $1.155 rate does generate an additional $47 million in local tax funding, bringing the school system’s appropriation to $600.8 million—almost $70 million more than last year’s allocation. However, the school system requested $106 million in additional funding to address priority areas like closing a salary “sag” for experienced teachers, reducing elementary school class sizes and improving broadband infrastructure. Many speakers at tonight's meeting were unhappy with the supervisors’ proposed funding level and urged them to consider changing their minds.
Loudoun County Board Adopts $1.155 Tax Rate