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Loudoun County Commissioner of the Revenue Robert Wertz discusses the results of the 2023 real estate reassessment during a Feb. 7 board of supervisors meeting.

Even as the housing market shows signs of steadying after a pandemic-fueled frenzy, data centers continue to drive a steady increase in the overall value of real property in Loudoun County. The news means that county supervisors will have available a robust commercial tax base as they begin the budget development process for fiscal year 2024. Revenue from real estate taxes is the largest single source of funding for county services.

The fair market value of real estate in the county is now $129.9 billion, a 14.5% year-over-year increase, according to the results of the annual reassessment presented by Commissioner of the Revenue Robert Wertz and his staff at a board of supervisors meeting Tuesday.

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