The Loudoun County Board of Supervisors voted Tuesday to adopt a nearly $ 1.8 billion budget that will slightly lower the property tax rate and boost spending on economic development.
The new tax rate of $ 1.235 for fiscal 2013 means a 5-cent decrease from the current rate of $ 1.285 per $ 100 of assessed value. As a result, a resident with a home assessed at $ 400,000, the county average, will see a property-tax reduction of $ 200.
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