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Reduced Tax Rate for Homeowners in Leesburg

Town Council adopts 2015 budget and capital improvement program.

Town Council adopts 2015 budget and capital improvement program.
Town Council adopts 2015 budget and capital improvement program.
Release, Town of Leesburg: 

On Tuesday, April 8, 2014, the Leesburg Town Council adopted the real estate tax rate for the 2015 tax year, the FY 2015 Budget, and the revised FY 2014-2019 Capital Improvement Program. 

The Council reduced the real estate tax rate to 18.3¢ per $100 of assessed value, from the 2013 rate of 19.2¢. The new tax rate is the equalized rate, or the rate at which the Town would receive the same amount of revenue from existing development as was received the previous year. Based on the new tax rate of 18.3¢, the annual tax bill for the average single family home in Leesburg will be unchanged. 

The adopted FY 2015 Budget contains no new full-time positions or new programs. The only major change to the Capital Improvement Program was the addition of the Brown’s Meadow/Woodberry storm drainage improvements, which will alleviate overland runoff and flooding of yards in the vicinity of Wildman, Brown’s Meadow, Woodberry and North Streets. This project was previously included in the list of potential future projects. The total cost of the project is $250,000 and is estimated to be completed in Summer 2015. 

“The budget for FY 2015 is the second half of the two-year budget we adopted last year,” explained Leesburg Mayor Kristen Umstattd. “The fact that the adopted budget has so few changes from the provisional budget presented one year ago is a testament to the clear direction that Council has set with regard to long-term budget sustainability and tax affordability, and to the leadership at the staff level to implement the Council’s direction.” 

The newly-adopted FY 2015 Budget and the revised FY 2014-2019 Capital Improvements Program will be available for download from the Town’s website at www.leesburgva.gov/budget by the end of April. 

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