Real Estate Assessments for 2006

Bowers proposed a tax rate for '06 of $.97.

http://www.timescommunity.com/site/tab1.cfm?newsid=16127181&BRD=2553&PAG=461&dept_id=506035&rfi=6

 

What I find interesting are these paragraphs:

[FONT=arial,helvetica,sans-serif]Cuts may be difficult to make. Loudoun's population has grown by 94,000 since 2000, and the county needs to build 16 elementary schools, five middle schools and four high schools by fiscal year 2012.

To take one penny off the tax rate, supervisors would need to cut $8.7 million from the budget.

The budget, for the first time, includes money for road improvements. Lack of sufficient funding from the state has forced local officials to look within their own coffers for solutions.

[/FONT]

 

Loudoun County website said that assessments will be mailed out mid Feb. Just curious, anyone receive their assessments?

Mike

 

Yep we got to love this smart growth the nationals build the homes and we pay for everything else.

Just for everyones amusement Dwight Sharr the CEO of NV Ryan homes purchursed the most expensive home for sale in the US in Florida last year. And we get to pay for the roads and schools his homes did not pay for.

Do you think he drives everyday in the traffic around here????

That is what is being called smart growth around here we pay and they live in 50 million dollar vacation homes. Anyone think it would be any better if we allow them to cover every inch of western loudoun??? I say hurry up and cover the entire Loudoun county with homes and commercial so at least we can finish this county and the taxes can stabilize. If you look at the budget most is going to schools. No wonder the kids are bored there are too many of them. It would be interesting to see what will happen to these children 20 to 30 years from now. At least my kids are finally out of high school.

OK I will shut up just got caught in that nightmre traffic this afternoon on rt 7.

Lee J Buividas

 

Check the Loudoun County database tomorrow:

http://inter1.loudoun.gov/cgi-bin/db2www.exe/webpdbs/re.d2w/INDEX

They update the database every Friday morning, and last year the 2005 data was available online prior to when I received my notice in the mail. Not that I'm in a hurry to get the bad news...

 

Lee,
You know darn well the builders haven't had a say with respect to proffered communities for years in Loudoun County. They have been applying for proffered subdivisions that would include improvements but the zoning folks have denied them at every opportunity at the expense of fewer homes (by right). We've gone over this ad nauseum on these forums before. What is it that you don't get? :doh: It's the county who's to blame here, not the builders. If there wasn't the demand, there wouldn't be the supply. And the reason the county can get away with it is illustrated by the skyrocketing taxes on the existing homeowners.

 

My assessment went up 49% !!!

Granted, my townhouse was way under-assessed compared to my purchase price, but I was surprised to see it go up so much. In fact, I'm wondering if it may be over-assessed. It's close to what the peak value was during the height of the "bubble", but I don't know if I could fetch it today.

 

I don't see the 2006 assessments. It only shows 2005. Am I missing something? Have they posted 2006 yet?

 

FWIW ... the problems with the school population is not due to the 'proffered' developments that the 'zoning' commission didn't approve, the problem is with the developments that were approved prior to 2000. They're just starting to fill, and they are the ones that we're seeing the schools built for.

Most of these developments were approved prior to the previous board, while the previous board did try to keep development down, for the most part they were operating under a previous Comprehensive Plan and approved many subdivisions that were zoned according to that plan. Most of the ones they didn't approve were trying to add a few hundred more units to those subdivisions, and the only proffers they were willing to offer were some local roads improvements (nothing that would do anything for commuters however), some parkland, and not much else. Certainly not anything toward building and upkeep of schools.

 

Looks like it may be available Monday after 11. They will be having a
special maintenance outage from 8-11am according to the Loudon county website.

 

It really does not matter who approved what the bottom line our goverment is allowing way more homes then the schools and roads can handle. A responsible goverment would take in all factors and allow growth accordingly. This is not rocket science and they have many examples to go by across the country what works and does not work over the last many decades.

Lee

 

Lee-

Not to get too far off topic, but don't forget that Virginia is nothing like Maryland. Local jurisdictions currently do not have the authority to put a moratorium on housing construction in VA, as they do in MD. The gov't just can't say, "No more houses".

I'm not going to get into the by-right vs. rezoning debate here, but I think it's important to remember that the growth is inevitable and can't be stopped with a single vote.

 

Nope I am and have never said place a moratorium on new building just make what is built pay for itself and help catch up the county for what should have been paid by the existing construction.

Hey if that means change the way the authority must be given then do it.

We are seeing political change as we speak as our current policies are becoming the begining of failure especially in the world area. China is not going to let us dominate as before and they are showing it with their don't give a darn attitude to us with their new policies in Iran and beyond. We don't are the military power to stop them or the diplomacy that we have now in place is showing they don't care and is not working with china. So do we blow up the world and ourselves, to prove don't mess with us.
We see this same thinking in Loudoun County, on a smaller scale. THis county is at a crossroads and can not substain higher taxes no roads and not enough schools.

If you all think growth is going to continue under these conditions, you are fooling yourselves. Condos in the dc area are out of control but because the banks have given these developers the money to build they are and will build until they go broke. Have any of you seen those four not one but four high rise condo projects going up at the Reston town square all at one time and the low rises across the street are having a hard time selling out. Hmmmm and this is being repeated all over dc.

Sorry but the party is over and I have called it right on the nose since I have been posting on these forums for the last year. This next year we will see a faction of the sales we have seen in the last few years and this will start snowballing when the anticipated surge in sales does not happen this spring or the rest of this year or the next or next. I see 3 to 5 years of stagnant growth for the dc area.

Hopefully this will give this county time to regroup and plan for real smart growth and get a grip on taxes. BTW I drove down rt 50 yesterday and the place looks like a junkyard and thats the gateway into Loudoun?????

Lee

 

I will add since my last post I went to the mail box and got got my new tax assessment and it increased almost 30% from last year. With those kind of increases this party is not only over but is now been shot dead by it's own success. ha ha ha

Lee

 

I take that back my assessment went up 37%, well over the 30% I said above.

Also I get in the mail for the 5th time that toll brothers has only 15 homesites left in Loudoun Valley Villages why are they having such are hard time selling a few homes are there something wrong with them ????? Hmmm I am confused because things are going so well around here.

This is wonderful, homes are not selling and Loudoun now is now assessing us for values we will not be able to sell for, I wonder if they will ever bring these values down. Yep is the bubble bursting right before our eyes.

Lee

 

Mine is up 29%. IT's way over fair market value based on recent sales.

 

Yep, no need to wait for the online database to be updated since it seems today's mail seems to have brought us the bad news we've been awaiting.

I knew I dodged a bullet with last year's assessment, since I'm in relatively new construction and the first wave of settlements in my development (which I was in) that was likely used as comps wrote contracts just before things really skyrocketted.

No bullet dodged this year - my '06 assessment is up just under $200k (41% over last year). Most of the increase is in the value of the actual structure.

Didn't realize that basement remodeling job was going to end up being quite that expensive

 

Same here, right at $200,000 and 41% Sheeeeesh!!!!!!

 

Does anyone know how long it takes to get remodeling, i.e. finished basement, in the assessment for your house? If someone had their basement finished almost two years ago, shouldn't it show in the assessment in the online database by now?

 

Got my assessment in the mail today.
13% increase.