Louisa County Reduces Personal Property Tax Rate Due to Data Center Developments
Starting in fiscal year 2027, Louisa County will lower the personal property tax rate from $2.43 to $2.07 per $100 assessed value. This reduction, approximately 15%, is attributed to early revenue from ongoing data center projects.
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The Louisa County Board of Supervisors has approved a decrease in the personal property tax rate effective in 2027, moving from $2.43 to $2.07 per $100 assessed value. This decision is linked to early revenue generated from data center developments in the area, which are currently under construction but not yet operational.
The county has indicated that this revenue will contribute significantly to the tax reduction. Additionally, to manage growth, future data center developments will require a Conditional Use Permit before commencement. This policy aims to balance revenue generation with responsible land use.
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