To: patron_anejo_por_favor who wrote (114149 ) 4/2/2008 9:39:32 AM From: microhoogle! Read Replies (2) | Respond to of 306849 Another way prudent get f*cked (since they are the ones who pay taxes - others going through foreclosure etc will somehow get away without paying the taxes) 19 Percent Tax Hike OK'd in Loudoun April 2, 2008 - 9:05am LEESBURG, Va. (AP) - Property tax rates are headed higher in Loudoun County. The Board of Supervisors has approved a 19 percent increase in the property tax rate for the fiscal year that begins July 1. Typical residential tax bills are expected to climb about 6.5 percent, or more than $300. The increase is part of a $1 billion county budget approved Tuesday. County officials say the increase is needed to offset growing school enrollments and a drop in assessments that created a $25 million budget shortfall. Board Chairman Scott York supported a smaller tax increase and proposed withdrawing $36 million from the county's $108 million rainy day fund to cover the shortfall. However, County Administrator Kirby Bowers warned supervisors that tapping the reserve could threaten the county's credit rating. ___ Information from: The Washington Post, washingtonpost.com (Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) LEESBURG, Va. (AP) - Property tax rates are headed higher in Loudoun County. The Board of Supervisors has approved a 19 percent increase in the property tax rate for the fiscal year that begins July 1. Typical residential tax bills are expected to climb about 6.5 percent, or more than $300. The increase is part of a $1 billion county budget approved Tuesday. County officials say the increase is needed to offset growing school enrollments and a drop in assessments that created a $25 million budget shortfall. Board Chairman Scott York supported a smaller tax increase and proposed withdrawing $36 million from the county's $108 million rainy day fund to cover the shortfall. However, County Administrator Kirby Bowers warned supervisors that tapping the reserve could threaten the county's credit rating. ___ Information from: The Washington Post, washingtonpost.com (Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)