Ask01of 04
Adopt the full $3.00 rate on June 24, 2026.
"Up to $3.00" is the ceiling, not the target. Anything less leaves money on the table that could lower residential taxes here.
ProposalJune 24, 2026 · Board of Supervisors
Hanover's first data center should pay for Hanover residents.
On June 24, 2026, the Board of Supervisors votes on Hanover's first data center tax rate. The Hanover Framework ties that revenue to real, audited relief for residents, with a developer escrow, a public dashboard, and binding thresholds.
The gap
Hanover's rate is a fraction of Henrico's.
Henrico County raised its data center equipment tax to $2.60 per $100 in 2024, and turned the revenue into a residential rate cut in a single budget cycle. Hanover's rate is still $0.45. June 24 is the chance to close it.
Equipment tax · per $100 of assessed value
Scale: $0.00 – $3.00
$0.45
Hanover current
15.0% of ceiling
Since data centers began siting here
$2.60
Henrico
86.7% of ceiling
Adopted 2024
$3.00
Hanover proposed
100.0% of ceiling
Vote · June 24, 2026
Note
Hanover's current rate is 5.8× lower than Henrico's. The proposed ceiling would put Hanover within 15% of Henrico's benchmark.
Henrico County · FY 2024-25 (proven)
The model has already worked in our backyard.
$13.6M
First-year net data center revenue
$18.3M
New tax relief delivered to residents
$0.85$0.83
Residential real estate tax, per $100
Source: Henrico County FY2024–25 adopted budget and County Administrator's proposed FY2025–26 budget.
All figures verified against Henrico County Administrator's proposed FY2025-26 budget. Report a data error →
The 4 Asks
A binding framework, not a promise.
A tax rate without a rule is just a number. The Hanover Framework turns projected revenue into guaranteed resident relief, through four specific, adoptable mechanisms.
Ask02of 04
Adopt a Net Surplus Resident Relief Resolution before the first data center comes online.
Fifty percent of audited net data center surplus flows directly to Hanover residents as rate cuts or rebates. The other half funds capital, stabilization, and operations.
Ask03of 04
Require a 15% revenue-guarantee escrow from developers, before Certificate of Occupancy.
Developers post cash or a letter of credit equal to 15% of projected first-year equipment tax revenue. If actual revenue falls short, residents are made whole from the escrow.
Ask04of 04
Tie rate cuts to audited thresholds, published on an annual public dashboard.
Every rate reduction is triggered by audited, verified dollars. Every project's revenue, escrow status, and resident impact is posted in a public dashboard the County updates annually.
Resident impact
Real money for Hanover families.
The framework doesn't just generate revenue. It channels 50% of audited net surplus to residents. See what that means for your home.
Resident impact calculator
What does this mean for your home?
Annual property tax savings under the Hanover Framework.
$
$150K$1.5M
2031 (projected)
$88/yr
2.2¢ residential rate cut · funded by data center revenue
At full buildout
$320/yr
8¢ residential rate cut · long-term projection
Methodology
Annual savings = assessed value × rate cut (in cents) ÷ 10,000. For example, 2.2¢ on a $400,000 home = $400,000 × 0.022 = $88/year. Figures assume the full framework is adopted and that the 50% resident share is delivered as a uniform residential rate cut.
Actual savings will depend on assessed value, any homestead exemption applied, and the exact final framework terms adopted by the Board. Question the math →
Source: Hanover Framework Coalition, projected from the Tract Hanover revenue model.
Why now
The vote that sets the precedent.
Every large-scale data center that follows will be governed by the rules set on June 24. If the rate is too low and the framework is too soft, the first project becomes the ceiling, not the floor.
Precedent, not just revenue
The framework sets the rule every future project must follow. A weak first vote is hard to undo.
Volatility is real
Equipment assessments depreciate fast. Without an escrow, projected revenue can quietly disappear.
Residents bear the cost
Data centers reshape power, water, and roads. Residents deserve direct relief, not just promises.
Sunlight is the enforcer
A public dashboard makes every dollar traceable. Transparency is what makes the framework stick.
The projects on the table
Two projects. One rate. Twelve days.
The June 24 vote is on the data center equipment tax rate, not a specific project. Whichever way the Board votes, the rate governs every Hanover data center, including those already in operation.
ProjectApproved
Beaverdam Data Center Campus
A 1,200-acre data center campus by Tract in the Beaverdam District. Approved 2024. Subject to the current equipment tax rate ($0.45 per $100). The Hanover Framework's $3.00 ceiling would govern future expansions and tax bills.
ProjectRejected
Mountain Road Technology Park
A 430-acre data center proposal by Tract at Mountain Road near Henrico County line (between Mountain and Winns Church roads). Rejected 4-3 by Board of Supervisors on May 28, 2026. The June 24 vote is on the EQUIPMENT TAX RATE that would govern all data center projects, not this specific project.
Hanover County · 7 supervisor districts
The vote is countywide. Three seats decide it.
Three of the seven Board seats are open to persuasion, the swing districts. The other four are likely supporters based on the May 28 Mountain Road vote. Lean is publicly known, not coalition speculation.
Schematic. District boundaries generalized. Lean assignments reflect public records of the May 28, 2026 Mountain Road vote. Verify on hanovercounty.gov →
Make your voice count before June 24.
Three minutes now, email, attend, share. The Board needs to hear from residents, not just developers.