Loudoun County residential assessments up, agricultural assessments down

WASHINGTON — Most Loudoun County property owners will see higher property tax assessments when the bills for the Virginia county go out this spring.

Loudoun County’s total taxable real estate increased to $77.7 billion for 2018, up 6.61 percent from 2017, counting new construction.

The biggest increase is in the single-family town house category, up 3.8 percent. The average detached single-family home’s property tax assessment goes up 2.37 percent.

Agricultural parcels 20 acres to 99 acres saw a decline in assessments, down an average of 0.8 percent.

The total value of taxable commercial property in the county is $15.5 billion, up 6.02 percent from 2017.

The assessment notices, which are not tax bills, inform property owners of the value of their real property as of Jan. 1, 2018, based on real estate market activity that occurred in 2017.

The assessed values, in conjunction with the tax rate to be set by the Board of Supervisors in April, are the basis for Loudoun County real estate tax bills that are due June 5 and Dec. 5.

Property tax assessments will be mailed to Loudoun County property owners the week of Feb. 5, but they are now available online.

Property owners who want to challenge their new assessments can file an Application for Review with the Commissioner of Revenue online by Mar. 5.

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