Prince William County, Virginia’s tax year 2024 data center tax revenue increased by 68% from its 2023 levels, according to a new county report Tuesday.
During a budget work session before the Board of County Supervisors, Acting Director of Finance Tim Leclerc gave a breakdown of the most recent tax revenue figures for the tech hubs that house the internet.
The $280.2 million total from tax year 2024 dwarfed the $166.4 million from 2023, with an overall increase of 4,237% dating back to 2012 – further demonstrating the rapid growth of the data center industry over the past decade.
In its fiscal 2025 (tax year 2024) budget, the board opted to increase the computer and peripherals – or “C&P” – tax from $2.15 to $3.70 per $100 of assessed value.
Click here to read the rest of the article written by Sébastien Kraft, InsideNova over at WTOP
