Latest News

Sterling Tax Increase Alert: 3 Supervisors Come Out For Tax Increase, Delgaudio Opposes

March 4, 2015

The current tax rate is $1.155 (one dollar fifteen point five) per 100 dollars of real property value (assessed annually) on commercial and residential properties in Loudoun and the major source of tax revenue for the local government. Three supervisors have declared their intention to raise the rate, or to keep the rate at the current rate of $1.155, so that is going to mean a tax increase for Sterling residents if 2 more supervisors join them, reports the Leesburg Today.

"I have proposed reducing spending, voted no on new spending and opposed giant unncecessary projects financed by debt which add millions for waste," says Eugene Delguadio. Delgaudio added: "My proposals, announced at every meeting, would allow increased budgets for the schools but with all the waste it cuts into the available resources."

The Leesburg Today reports:

"Three Loudoun supervisors Monday night said they are leaning toward supporting a real estate tax rate that would mean an increase in most homeowners' bills.

In a work session on the budget for the fiscal year that begins July 1, County Chairman Scott K. York (R-At Large) indicated that he could vote for a spending plan with a tax rate of $1.15 per $100 of assessed value, and Supervisor Kenneth D. Reid (R-Leesburg) agreed with this notion in a Facebook posting after the meeting. Supervisor Janet S. Clarke (R-Blue Ridge) also said she thought it was "justifiably appropriate" to keep the rate at its current $1.155.

"That's where I am," she said.

Because property values have risen in Loudoun, maintaining the current $1.155 real estate tax rate, or even lowering it to $1.15, would mean an increase in most tax bills. To keep bills flat, the supervisors would have to lower the rate to $1.135 per $100 of valuation when they approve the FY16 budget, an action scheduled for early next month."

http://www.leesburgtoday.com/news/tax-increase-to-fund-schools-is-possible-three-loudoun-supervisors/article_ebf9039e-c1b2-11e4-bbe2-33b6542633d7.html

News Archives