Lovettsville Council Adopts Lower Tax Rate

The Lovettsville Town Council last week adopted a 16.25-cent real estate tax rate, a 2.6-cent reduction, but one still expected to result in higher tax bills for the town’s homeowners.

Town Manager Jason Cournoyer had proposed a 15.2-cent tax rate, but also recommended a 17.27-cent alternative rate that would fully fund the town’s capital construction plan without dipping into reserve funds.

In a year when the value of residential properties increased 17.6% on average, the council would have had to cut the tax rate to 14.6 cents per $100 of assessed value to hold tax bills level. 

During the final budget markup session March 24, Vice Mayor Chris Hornbaker proposed the 16.25-cent tax rate, which will require the use of $33,500 in undesignated reserves to balance the budget.

The town estimated the adopted tax rate will increase the bill for single family detached homes by $49.26 per year on average. Tax bills for townhouses would go up by $33.73 on average.

The adopted budget includes a $1.75 million General Fund, $2.34 million Utility Funds, and $261,650 Event Fund. Another $1.2 million is planned for General Fund capital projects. 

The council also approved Cournoyer’s recommendation to increase water and sewer rates by 3%. The town manager said those hikes are not expected to add revenue to utility funds, but seek to balance a decline in water usage experienced over the past year. The changes are expected to increase bills by less than $3 per month.

One thought on “Lovettsville Council Adopts Lower Tax Rate

  • 2022-03-30 at 2:53 pm
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    I appreciate Lovettsville is trying to hold the line on extravagant spending. But it’s still unconscionable that homeowners & townhome owners will see an increase in their property taxes. Moreover, they’ll see a small increase in their water & sewer bills. If anything, there should be a DECREASE. Times are tough; we’re in the midst of a health crisis. Please do better, Lovettsville. Happy Leslee King Day Loudoun!

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