The unique geographical features in Loundon County, Virginia, continue to draw visitors from all over the country. In 1699 explorers, Burr Harrison and Giles Vandercastel found features they described as “very grubby and great stones standing above the ground like heavy rocks.” They had come across limestone. It is now described as Potomac marble that glistens and shines and has been used in the building of Whitehouse in Washington DC. Caves, passageways, underground waterways and sink holes are found in the 14,000 acres north of Leesburg to the base of Catoctin Mountain.
What is The Limestone Overlay District?
What makes the Limestone Overlay District so unique also can make it a problem for homeowners, although the County Board of Supervisors passed a law to protect homeowners and those interested in purchasing a home in this area. The law states that home buyers have the property approved if they use over 10,000 gallons of water per minute during the course of one day. Home buyers must be alerted that their property is located within the Limestone Overlay District. The Overlay District was developed to protect the home buyer of potential problems with their well water and also to warn them of the possibility of sink holes. Any developments on the land must be approved before construction can begin. This includes any outside buildings and swimming pools.
The community of Leesburg is located in the Limestone Overlay District to the south and has many historical homes, antique stores, arts and crafts stores, an outlet mall, outdoor summer concerts and festivals. Within driving distance to Washington DC, the village is quiet and laid back. It offers peace and safety for those who wish to settle down and raise a family.
Real Estate Taxes and Assessments
Real estate taxes are very affordable in Loundon County. It is said that they are the lowest in the area of northern Virginia. The 2013 Leesburg property tax rate is $1.25 for every $100.00 of a homes pre-assessment value. Taxes are paid twice yearly, in June and December and property is assessed at 100% of the fair market value.
Housing Assistance and Incentives
Funding is available from the Housing Recovery Act of 2008 to help potential home buyers purchase foreclosed properties in the Limestone Overlay District. There are also funds available from the Affordable Dwelling Unit Program to make it more affordable to make upgrades on homes that are primary residences, and the elderly and disabled can apply for assistance with property taxes by going to the Loundon.gov website or by contacting the Commission of Revenue on Harrison Street in Leesburg.
To learn more about the history of this interesting geographical area in Loundon County, you can visit the Thomas Balch Library on West Market St. in Leesburg. For those who wish to live in a peaceful rural area with much historical significance, yet live close to a large city, Loundon County may be the place to relocate.