LOUDOUN COUNTY PUBLIC SCHOOL FUNDING
October 29th, 2008 by admin
LOUDOUN COUNTY PUBLIC SCHOOLS have become one of the most attractive features about living in this lovely area of Northern Virginia.
For home buying families with school aged children, one of the first things I’m asked is for information about the public school system. All Loudoun County Test Scores are on line for review.
On November 4, 2008, Loudoun County voters will be asked to approve a Bond Referendum to vote on the method of funding the purchase of three school sites when they go to the polls.
- Funds to build and equip a new Ashburn/Dulles Area Elementary School and a new Dulles Area High School.
- Amount $104,045,000. The bond will be divided into two parts with $21,810 for the Elementary School and $82,236,000 for the High School.
Any one who has toured real estate in the Eastern Leesburg / Ashburn area will recall the dynamic nature of development in “The Dulles Corridor” over the past 10 years. The Ashburn area benefits from the expanded tax base and overall growth. Families will continue to relocate to the area as long as our public schools maintain their excellence.
New Road under construction to complete Battlefield Parkway in Leesburg.
Loudoun County Public Schools are one of the fastest growing in America for over 15 years. In 1991, Loudoun County served 15,118 students. Today they serve over 57,000 students.
HOW MUCH WILL THE SCHOOL CONSTRUCTION ADD TO YOUR TAX BILL?
- For homes with a tax assessed value of $350,000, the added tax will be about $43.69 per year.
- For homes with a tax assessed value of $500,000, the added tax will be about $62.42 per year.
Based on a 20 year repayment at an annual interest rate of 5%.
SUPPORTING of PUBLIC SCHOOLS PROTECTS THE MARKET VALUE OF LOCAL REAL ESTATE.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.
This entry was posted on Wednesday, October 29th, 2008 at 10:22 am and is filed under Loudoun County Public Schools. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
