Loudon County Property Tax Rates: A Comprehensive Guide for Homeowners

Understanding Property Taxes in Loudoun County

Property taxes are an essential source of revenue for local governments, including Loudoun County. They are used to fund crucial public services such as schools, roads, libraries, and parks. Property taxes are calculated by multiplying the assessed value of your property by the county's tax rate.

Factors Affecting Property Value

The assessed value of your property is determined by the Loudoun County Department of Economic Development's Office of Real Property Assessments. This value is based on several factors, including: * Location of the property * Size and type of the house * Age and condition of the property * Recent sales of similar properties in the area

Loudoun County Property Tax Rates

Loudoun County's property tax rate is one of the lowest in Northern Virginia. The current tax rate for residential properties is $1.04 per $100 of assessed value. This means that a home with an assessed value of $500,000 would pay $5,200 in annual property taxes.

Property Tax Exemptions

Certain properties in Loudoun County are eligible for property tax exemptions. These include: * Owner-occupied homes for senior citizens and disabled individuals * Properties owned by religious organizations * Properties used for agricultural purposes

Paying Your Property Taxes

Property taxes are due twice a year, on June 30th and December 5th. You can pay your property taxes online, by mail, or in person at the Loudoun County Treasurer's Office.

Consequences of Late Payment

If you fail to pay your property taxes by the due date, you will be subject to late payment penalties and interest charges. The penalty is 10% of the unpaid tax amount, plus 1% interest per month.

Appealing Your Property Tax Assessment

If you believe that your property has been assessed unfairly, you can appeal the assessment. The appeal process involves submitting a written request to the Loudoun County Board of Equalization. The Board will then review your appeal and make a decision on whether to adjust your assessment.

Additional Resources

* Loudoun County Department of Economic Development's Office of Real Property Assessments: https://www.loudoun.gov/residents/filing-taxes/real-property-assessments * Loudoun County Treasurer's Office: https://www.loudoun.gov/residents/filing-taxes/treasurer

Loudoun County Property Tax