Brian Fauls, Government Affairs Manager
With few exceptions, most nonprofit organizations in the Commonwealth are not automatically exempt from local property taxes. Even charitable organizations that may have been deemed exempt from federal income taxes are subject to local property taxes, unless they have been granted an exemption by their locality. In 2008, the Loudoun County Board of Supervisors enacted a moratorium on granting exemptions.
The Great Recession hit everyone hard, including the nonprofit community. As a result, budgets have been extremely lean over the last few years, and many, if not most, nonprofits have lost at least some of their funding. Yet, they continue to press on with their work for the residents of Loudoun County.
On December 4, 2013, the Loudoun County Board of Supervisors took an important step to improve the financial health of Loudoun’s nonprofit community by lifting the moratorium on Property tax Exemptions. As a result, Commissioner of the Revenue, Robert S. Wertz Jr., will be accepting applications from nonprofit organizations seeking property tax exemption by designation for the 2015 tax year until the April 1, 2014, deadline. Interested nonprofit organizations may obtain an application online here. For more information you can contact the Office of the Commissioner of the Revenue at www.loudoun.gov/cor or 703-777-0260.
In addition, The Loudoun County Board of Supervisors recently issued its annual call to community non-profit organizations for funding consideration through the regular budget process. The deadline for submissions is Friday, April 11, 2014. The FY 2015 Nonprofit Organization Grant Application form, is available online at www.loudoun.gov/management-financialservices or by contacting Falayi Adu, Senior Management Analyst/Budget in the Department of Management and Financial Services via email or by phone at 703-737-8832.
Charitable nonprofit organizations have long helped build and sustain healthy communities and enhance the quality of life in Loudoun County. Don’t miss out on these limited opportunities to help make your charities dollars go further.