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LOUDOUN COUNTY HOME OWNERS - Our Public Schools Need Funding

By
Real Estate Agent with Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate 303829;0225082372

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. 

  1. Funds to build and equip a new Ashburn/Dulles Area Elementary School and a new Dulles Area High School. 
  2. 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 in Ashburn

                     New Road under construction to complete Battlefield Parkway in Leesburg.School Bus

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.

                Loudoun County Map

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988, E-Mail.

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Comments(4)

Linda Davis
RE/MAX Home Team - Gales Ferry, CT

Tough year for a referendum of that magnitude. I'm surprised the bond rate is so high.

That area has a fine reputation as far as education.

Oct 29, 2008 09:37 AM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Linda.  Thanks.  Agreed.  It's a tough year for referenda of any size.  We'll see.  I thought the bond rate high too. 

The county has a AAA Bond Rating. 

The elementary schools are amazing.  All have a computer lab.  You go in an see 20 little ones 3-4-5th graders, etc. sitting at their own computer.

The influx of high tect employment in the Dulless Corridor is what made Loudoun County spend the money to work for top notch schools. 

Oct 29, 2008 09:44 AM
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

My sister lives in Potomac Falls and her daughter just got a scholarship to UVA. With all the highly educated people living in Loudoun County, it's no surprise that the schools are excellent.

Oct 29, 2008 03:20 PM
Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Sharon.  Exactly the way it works.

 

Oct 29, 2008 09:55 PM