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Finance committee backs change to Loudoun delinquent-tax penalty structure
Summary
The finance committee voted to recommend the board advertise an amendment to Ordinance 860.02 that would set a 2% late penalty for taxes paid within 30 days and 10% thereafter, effective May 1, 2027; Treasurer Henry Eichelberg said the change could lower penalty collections by an estimated $2–3 million.
The Loudoun County Finance, Government Operations and Economic Development Committee voted Nov. 13 to recommend the Board of Supervisors prepare and advertise an amendment to Ordinance 860.02 that would replace the current flat $10 minimum and 10% late penalty with a two-tiered system: 2% on any delinquent tax amount paid within 30 days of the due date and 10% on amounts unpaid more than 30 days after the due date, effective May 1, 2027.
Treasurer…
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