Resolution Urging Loudoun County Supervisors to Lower the Property Tax Rate to $1.08

February 26, 2018

WHEREAS, the Loudoun County Republican Committee recognizes that fiscal responsibility is fundamental to sound government; and

WHEREAS, in a free country, money belongs to the people who earn it; and,

WHEREAS, Loudoun County ignobly ranks in the top 2% of the nation's counties for property taxes paid; and

WHEREAS, the 2018 tax code limits the tax deduction for combined state and local taxes at $10,000 annually, a number that will increase taxes for many Loudoun households if Loudoun County increases local taxes; and

WHEREAS, Loudoun residents face endlessly increasing tolls for transportation, which is a hidden tax on Loudoun residents; and

WHEREAS, Loudoun residents incur an exceptionally high cost of living; and

WHEREAS, monies not used for taxes are injected directly into the local economy increasing the productive local commercial base; and

WHEREAS, low taxes are a prerequisite for economic growth, reduce the cost burden of living in Loudoun County, and ensure governments spend the monies they have wisely and efficiently; and

WHEREAS, the lower the property tax rate, the better it is for Loudoun residents; and

WHEREAS, this year's equalized tax rate is projected to be $1.09; and

WHEREAS, the Loudoun Board of Supervisors instructed the County Executive to prepare for a budget $0.01 above or below the equalized tax rate; and

NOW THEREFORE BE IT RESOLVED, that the Loudoun County Republican Committee urges the Board of Supervisors to adopt a property tax rate of not greater than $1.08; and be it further

RESOLVED, that the chairman of the Loudoun County Republican Committee shall cause copies of this resolution to be disseminated to Loudoun County's Board of Supervisors, the County Executive, the Loudoun County School Board, and to the media.

Passed unanimously by the membership of the Loudoun County Republican Committee and signed,

William A. Estrada

Chairman, Loudoun County Republican Committee

Monday, February 26, 2018

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