The projected sum equates to roughly $3,000 annually per resident.
@AndyMasley Wait really? $3K / minute = ~$1.6B / year?
If Loudoun County data center tax revenue were all used for a money cannon it'd shoot out a $100 bill every 2 seconds 24 hours a day forever
Users expressed excitement about Loudoun County data centers generating $1.3B in annual tax revenue because it could deliver around $3K per resident each year.
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@AndyMasley I’m surprised that local governments aren’t leaning into residential property tax cuts here
@AndyMasley Incredible. ~$3K / year per county resident!
"Loudoun County’s government has been so accommodating because data centers deliver enormous financial benefits to locals. As supervisor Kristen Umstattd told me, the facilities “bring $1 billion a year into Loudoun County,” and the total continues to rise. In the fiscal year 2027 budget, data centers are expected to generate $417 million in real property taxes (on the buildings themselves) and another $879 million in personal property taxes (on the servers and equipment inside them), for nearly $1.3 billion in total."
@joeszaka I identify as a behind the scenes commentator so leave the videos to other people
@AndyMasley Maybe data centre proponents need to do a better job getting out the facts in a digestible format with short videos and infographics transparently describing the costs and benefits.
@labenz Yup https://www.city-journal.org/article/loudoun-county-virginia-data-centers-construction#:~:text=for%20nearly%20%241.3%20billion%20in%20total
"Loudoun County’s government has been so accommodating because data centers deliver enormous financial benefits to locals. As supervisor Kristen Umstattd told me, the facilities “bring $1 billion a year into Loudoun County,” and the total continues to rise. In the fiscal year 2027 budget, data centers are expected to generate $417 million in real property taxes (on the buildings themselves) and another $879 million in personal property taxes (on the servers and equipment inside them), for nearly $1.3 billion in total."
@AndyMasley Yeah I meant the project proponents.
@EigenGender @AndyMasley It's because here in WV they are giving lots of tax breaks for them.