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Loudoun touts strong finances, lowers vehicle tax and reaffirms AAA bond rating
Summary
County leaders reported a favorable fiscal position — including a reaffirmed AAA bond rating — cut the personal property tax rate and vehicle tax, and highlighted strong tourism and business growth that helped the county’s financial posture.
Loudoun County officials said the county’s fiscal position is strong and reported several actions the board took during the FY26 budget process: lowering the personal property tax rate, reducing a separate vehicle-tax measure, eliminating a $25 vehicle decal fee, and adding to reserves and contingency funds.
Chair Phyllis J. Randall said the board lowered the personal property tax rate by 6 cents to roughly 80.5 cents per $100 of assessed value and separated the tax on vehicles from general personal property so the car tax…
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