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2008.04.02

Comments

Kate

I'm a little confused by your math. Isn't it a $540 jump? Or am I missing something?

Patrick G.

As a tax paying resident of LO CO I can tell you it's a tough balance to strike. The budget they passed that resulted in the 19% tax rate increase will still leave the schools with almost $49,000,000 less then they requested for next year.

The real issue is the VA state legislature, which is in the pockets of the developers, who will not allow the counties to charge the developers for the true impact of new homes. As a result the home builders and large land owners are busy paving over the farms and rural towns of Loudoun while the rest of have to pay for the 3-5 new schools (plus fire stations, roads, libraries, community centers, water treatment plants, etc.) needed every year to support this growth.

FYI - The 19% rate hike is not quite as bad as it sounds. The average assessment went down about 12.5% this year so the net increase is really about 6.5%. That still translates to an average tax bill increase of about $300.

By the way - next time you’re in town call us!

Lisa S.

Kate, you're right. I'll change it now. I'm trying to remember how I got $360 originally. I swear, I was using a calculator.

Patrick G., you bet. Also: thanks for pointing out that assessments go up and down. Out here, your property taxes are pegged to what you paid for the house at the time of purchase. I am not sure when/whether there are reassessments, or if you're just screwed if your property values plunge (as they have in some parts of the state).

Polly

Here, they're getting very creative about maintaining the tax base. The property taxes are based on the assessed value of land + the assessed value of the house. Since the price of land is going down, the assessors decided that my sister's house has suddenly surged in value! We're talking about a massive uptick in price--this, despite the fact that my sister's family have done NOTHING to improve the house, and house prices are also falling. They are appealing, because come on--let's all try to maintain the rule of law despite the tough times, OK?

laura

I missed your earlier posts on this topic, but followed the links today and read them-- just wanted to share an anecdote...
My husband and I built a new construction house in a suburb that is far flung for me (because I work in a pseudo-urban-center area) but that is actually very near to the downtown area and the light industrial/ commercial developments in that city. I hated the commute and the whole complicated commuter lifestyle. I loved the weekends because we were a very short drive (less than 5 minutes-- just not a safe walk or we'd have walked it) to a walkable downtown area, but of course, most of the week we were all 20 miles away at work or commuting. After two years we put our house on the market and JUST got out in time. We sold our house to a young couple who now has their entire extended family living there. We have heard that another neighbor in our cul de sac sold their house to the family that opened a sushi place near the neighborhood. They have 3 generations and 10 people living in a 2200 sq foot 4 bedroom house.
The city has had to begin to try to write up new codes and crack down on he few existing codes' zoning violations related to how many people can live in a house because the near proximity of the neighborhood to commercial farming and light industrial type work as well as some service industry jobs has resulted in a major change to the neighborhood and a steep drop in property values. I just can't believe its happening so fast.

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