HomeMy Public PortalAboutTOL NR 2019-02-13 personal prop tax rates adopted
Town of Leesburg
News Release
For Immediate Release
February 13, 2019
Media Contact:
Betsy Arnett, Public Information Officer
barnett@leesburgva.gov 703-771-2734
Leesburg Town Council Sets 2019 Personal Property Tax Rates
Leesburg, VA (February 13, 2019) – On Tuesday, February 12, 2019, the Leesburg Town Council
adopted personal property tax rates for the 2019 tax year.
The 2019 tax rates are unchanged from 2018 and include:
Motor vehicles: $1.00 per $100 of assessed value
Aircraft: $0.001 per $100 of assessed value
Tangible business personal property: $1.00 per $100 of assessed value
The Loudoun County Commissioner of the Revenue assesses the value of personal property
within the Town of Leesburg and provides assessment data to the Town. The Commonwealth
of Virginia provides personal property tax relief equal to 50% of taxes owed on the first
$20,000 assessed value of qualified personal use vehicles.
The Town Council also adopted the tax rate for bank capital at $0.80 per $100 of net capital
held by banks located in the Town.
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