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Real Estate Assessments - Taxes

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1. What taxes will I have to pay?

To compute the real estate tax on a property you take the current taxable assessed value (TAV), divide by 100, and multiply by the tax rate.

Example: ($300,000 TAV ÷ 100) x $1.155(tax rate) = $3,465.00

Details about tax rates can be found here.

2. When is the tax rate set?

The Loudoun County Board of Supervisors annually sets the real estate tax rate, typically during the month of April.

3. Will the county board be able to always keep the average residential tax bill flat?

No. Because assessed value can change at varying rates from year to year due to changes in the real estate market, the tax rate and resulting levy (tax bill) also change.

4. When do I get my real estate tax bill and when are taxes due?

Regular bills are generally mailed out in late April for the June 5 due date, and late October for the December 5 due date. During the course of the year outstanding bills are mailed out for parcels that have had address changes, Tax Relief for Elderly and Disabled adjustments, Land Use Assessment rollback adjustments, assessment adjustments, new construction, or have been retitled.

Many residential parcels are subject to a mortgage with an escrow account for payment of taxes and insurance and therefore will not typically receive a tax bill. Property owners do not need to provide a copy of their tax bill to their mortgage company. See the Treasurer’s FAQ page for more information about mortgage company payments.

5. How can I find out if my mortgage company committed to paying my taxes?

Contact the Treasurer's Office at 703-777-0280 to ensure they have information from your mortgage company that indicates they intend to pay your taxes from escrow.

6. When will taxes be due if I am appealing?

Taxes are due on their due date regardless of whether an appeal is taking place. Taxes not paid by the due date will result in a 10% penalty plus a monthly interest charge. If you pay your taxes in full, and there is an assessment change, any overpayment will be adjusted. Assessment appeals do not relieve you of paying taxes by the due date.