On May 4th, the Board of County Supervisors adopted a ‘goal’ to gradually increase tax rates on the data center industry in Prince William County.
Following the adoption of the FY2022 budget which increased the rate on data centers from $1.35 to $1.50, the Board voted for a multi-year gradual increase which would top out at $2.00 in FY2025.
According to Prince William County, the county tax rate on the billion dollar tech industry is the second lowest in the region in FY21.
|Locality||FY21 Data Center Tax Rate|
Source: Prince William County
Meanwhile, Prince William County’s real estate tax rate on its homeowners remained the second highest in the region even after the gracious one cent reduction offered by the Board majority.
|Locality||FY22 Real Estate Tax Rate|
Supervisor Vega has long argued for a tax rate on data centers at least half that of our neighbors in Loudoun and for a substantial reduction in the rate on Prince William County homeowners. In March, she proposed a cap on real estate tax rates of $1.05 which would have ensured the average homeowners real estate tax bill would not increase over last year. This proposal was defeated 5-3 along partisan lines.
The gradual ‘goal’ increase to $2.00 in the county’s data center tax rate, if implemented, would maintain the second lowest tax rates on data centers in the region.
– Coles District Staff