Is the property owned by a nonprofit organization automatically exempt from local property taxes?
Non-profit organizations are not automatically exempt from local property taxes in Virginia. Organizations that wish to be exempt from local real or personal property taxes or both must submit a one-time application to the Office of the County Administrator by the April 1 filing deadline. The exemption, if granted, would be effective on January 1 of the following year. Note: The Board of Supervisors has enacted a moratorium on the granting of property tax exemptions by designation until after December 31, 2011. Information regarding the local property tax exemption application process (including a form that can either be viewed online or downloaded) can be found at www.loudoun.gov/taxexemption-forms.
Related Questions
- If my organization currently owns property that is exempt, does additional property acquired by my organization automatically qualify for exemption?
- Wouldnt any property owned by a tax exempt organization be automatically exempted from property taxes?
- Wouldn’t any property owned by a tax exempt organization be automatically exempted from property taxes?
