Hanover Delays Data Center Tax Hike

Richmond News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 1m

Hanover County’s supervisors are pausing plans to raise taxes on data centers, opting instead to study the situation and craft a new development policy, as their current rate—45 cents per $100 of equipment—is already among the lowest in the state. While neighboring Henrico saw a massive $13.5 million revenue jump after boosting its tax, Hanover’s low rate may be costing local schools up to $3.6 million in lost state funding. A state study reveals that for every dollar in sales tax exemptions given to data centers, the state only recoups 48 cents, fueling calls for a new approach—like taxing…