Real Estate Taxes

ha ha ha Oh steve they can't repeat it once it is fixed many can't afford the higher rate once it jumps. You put them in a fix rate at the original rate or close to it something they were able to afford. The bank stays in business and the people keep their home. They already paid the mafia fees or you throw them fees out of the loan and charge the the normal fees if they were built into the loan. Every little bit helps and let me tell you many people with good credit also got screwed. Otherwise say bye bye to auy future equity for a long time until this works itself out.

We can stop the bleeding now or do heart surgery later.

 

The bottom line is people bit off more than they could chew. In many cases they took a gamble and ended up on the losing end. Good credit or not most of these cases are the result of poor decisions. There is no victim here "getting screwed". I am not saying there isn't a crisis and that some form of action may be better than no action, but I am tired of seeing the victim mentality on this.

 

This is ultimately a good correction that will stabilize over time. It will teach all of us valuable lessons about living within our means, realizing that making money isn't about speculation and unrealistic expectations, but comes through hard work, saving, investing regularly, and living within your means.

 

I agree Steve

 

The tax rate was set at $1.14 today.
Check out loudounextra.com

 

http://loudounextra.washingtonpost.com/polls/2008/mar/taxrate0327/results/

This tax increase is not too popular!!!!

Like we say in my business """"" anyone can build a million dollar home and make it cost a million... the real genius is build million dollar home and make it cost less....."""""""

It does not look like our new supervisors are so far can't make the decisions that the majority in this county want.

It is real easy to play the blame game and blame the previous BOS.

Miller says he wants to increase the businesses here to help pay the taxes. Well except the new hospital where are these businesses wanting to move here.

We have a third world road system, with almost no money to improve it. We are covering tons of land with industrial all the way from rt 7 to the airport. When a 5 to twenty story building would take far less land and be far better to look at if designed and landscaped right and pay far more in taxes compared to the amount of land they take compared to these huge land gobbling industrial complexes that class office does not want to be next to.

You are not going to get new businesses with high taxes and a third world road system. So does mean to get them here they get big tax breaks???? like orbital ????? and we foot the bill for them being here. Many of you think this hospital is like the second coming or something, I see it cannibalizing health care not helping the many more not close to health care in this county.

But high taxes has never attracted businesses.. I watched the BOS meeting where the big shot commercial real estate people got up and spoke and it was not very encouraging for Loudoun and now a 19 percent tax hike. Well the new BOS just said Loudoun is closed for business you can't talk out of both sides of your mouth if you want credibility. I am very disappointed in our especially new BOS members and that includes Miller so far. But we will see if they if they in the future can make the tough decisions that helps the people in trouble in this county. I am not so sure, and they did say Loudoun is closed for business with this huge tax increase.

 

You should remember that as you support Obama.

 

http://www.washingtonpost.com/wp-dyn/content/article/2008/04/05/AR2008040501137.html?hpid=topnews

Apparently fairfax knows the real value in keeping taxes low. Looks like they are only going from .89 to .92 a 3 cent increase and they say in real terms taxes will go down because of lower assessments. The hinted at their surrounding neighbors meaning Loudoun how well they have done compared to their neighbors. What does that say?????? Fairfax open for business!!!!!! Loudoun closed for business!!!!!! If we start losing businesses to fairfax next years budget is going to be even tougher. And no hospital which ever one they build will save our county taxes. You just can't lure business with much higher taxes. We will lose business instead to the close in fairfax. Those Fairfax Supervisors know how and are going to take advantage of Loudouns sky high taxes. I bet we will see ads form fairfax saying just that; Low Taxes and Close IN.. I hope our supervisors next year make the really tough decision for the business growth and tax growth of the county and lower taxes sharply.

 

Lee, maybe you should move to Fairfax!

 

Nope I lived out here before 99.9% of you all, way before the toll road way before the broadlands. I just made a little detour to southern california for most of the nineties. Somebody must stay here to keep you from ruining whats left of eastern loudoun.

 

Fairfax had a well established business tax bas while Loudoun was still dairy farms. That explains their ability to keep real estate tax rate low.
Loudoun's rampant residential growth without the business growth has doomed us. We were sent down this path back in the 80's and are feeling it now.

 

Then, why are they still building? Despite a cruddy housing market, there seems to be more and more homes (especially townhouses) going up all over eastern Loudoun. Seems there is plenty of real estate for sale right now so why build more when we do not have the schools or roads to support?

 

Well you certainly are not going to get business out here in the far fringes with one of the highest by far tax rates around. Second you need to build a beautiful business atmosphere such as the reston town center. etc. Landsdown is one of the few places in loudoun that has done that. And not across the street from single family residential. They also have a beautiful golf course that winds through some of the office. Keep taxes low and make it beautiful and the Class A businesses will come. It is real easy to blame the past and raising taxes was not the tough decision that was the easy way out. If taxes stay high you will upset the balance between business and residential even more. There are a lot of see thru buildings and empty retail showing up all over the place. If our current BOS is going to blame the past and not make Loudoun desirable to business first through lower taxes and building a decent road system then it is going to be a miserable four years. You still need residential to work and shop and eat at the businesses. We just have a lopsided residential community and needs to be balanced with singles and married people without children. All I can say is if everyone is going to blame the past then they are setting themselves up for failure.

 

Fairfax also has the well-established BOS with the experience to listen to thier constituents and make the tough choices to control their spending. We keep voting in a new board every 4 years that does not and can not.

 

simple=because it is zoned for approval and the new homes are selling- even in this rough market.

 

There is not as much building as you may think!!!!!!!!
My profession are the first people a developer or builder calls and nobody is calling in Loudoun. My work is all close in, in fairfax etc. and in Texas.

What you are seeing is builders finishing up what they started designing years ago but there is not much new being designed right now Especially in Loudoun and that goes for commercial as well. THe party is over and so is the money to do just about anything including any new roads or road improvements.

Loudoun has dropped from 3 rd fastest growing to 35. That is a extreme huge drop and not looking good to increase the tax base. When residential growth slows to a extreme then usually the commercial goes south too. I don't think BOS is going to have to worry about slowing growth, they are going to have the opposite problem.

From the wasington post

""""""""""""""
In the Washington region, the slump has affected close-in counties such as Fairfax and Montgomery less than the outer counties, building industry analysts said, in part because high gas prices make long commutes less attractive to potential home buyers.
Residential growth has slowed dramatically in Loudoun, the nation’s third-fastest-growing county between 2003 and 2004; it fell to 35th place between 2006 and 2007, according to census data.
Two years ago, crowds at Loudoun County Planning Commission meetings overflowed into the hallways, and the boardroom was packed with developers, lawyers and planners sparring over building projects late into the night. But at a work session last month, there were no housing projects to be debated, and 10 or so onlookers instead listened to educational briefings, along with the hum of the ventilation system.
The Loudoun Board of Supervisors has voted on just one subdivision this year, and the number of residential building permits issued last year — the final authorization needed to build housing and an indicator of growth — dropped more than 40 percent from 2005, according to county estimates. From September through November, the county averaged 124 foreclosures a month, according to a county report."""""""""""""""""""



http://loudounextra.washingtonpost....conomic-woes-render-growth-debate-moot/?local

 

Or Hillary...both are going to tax the crap out of the upper-middle class and above.

 

tigercpa...how else do you propose to pay for the excess spending and deficits of the last two administrations? This is not a political question...just like to hear a reasonable explanation.

 

And I have been here LOOONG before you and I think Loudoun is STILL wonderful!