2027
First data center online
TBD
Tract Hanover is projected to generate ~$1.5M in first-year net surplus. Resident share pending resolution adoption.
Pending resolution adoption
Resident impact
What does this mean for your wallet?
Forget the politics. Here's the math. The Hanover Framework channels 50% of audited net data center surplus to residents as rate cuts or rebates. The table below shows what that looks like at three milestones.
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.
Three milestones
From first data center to full buildout.
The framework doesn't promise relief. It guarantees it, phased with the data center buildout.
2031
Most likelyProjected milestone
2.2¢
A 2.2-cent rate cut is funded entirely by data center revenue, with no impact on school funding, public safety, or other services.
Projected from Tract Hanover revenue model
2030s
Full buildout
8¢
At full buildout, the framework supports an 8-cent residential rate cut, funded exclusively by data center tax revenue.
Long-term projection
Revenue flow
Where does the other 50% go?
After offsetting direct service costs from data center growth, every dollar of net surplus splits 50/50 between residents and the County. The County share is then split three ways. Here's the full picture.
Every $1 of net surplus · allocation
50%
Residents
25%
Capital
15%
Stabilization
10%
Operations
$6.8Mon $13.6M
$3.4Mon $13.6M
$2.0Mon $13.6M
$1.4Mon $13.6M
Residents
50% of surplus
Direct property tax relief, rate cuts or rebates. Audited annually and published on the public dashboard.
Returns every dollar of the resident share to Hanover property owners.
Capital
25% of surplus
Schools, roads, public safety facilities, broadband. The infrastructure that data center growth demands.
One-time investments that compound over decades.
Stabilization Reserve
15% of surplus
A rainy-day fund. If a data center depreciates equipment or wins an unexpected abatement, residents don't lose services.
Prevents the boom-bust cycle of volatile tax revenue.
Operations
10% of surplus
Planning, environmental monitoring, public safety near data center sites.
The ongoing cost of hosting industrial neighbors.
About the internal split
The 50/25/15/10 is a proposed default. The Hanover Framework requires that the 50% county share be split among capital, stabilization, and operations, but the exact percentages are set when the Board adopts the resolution. The key constraint: none of the 50% can be redirected to the general fund. Every dollar is auditable and traceable on the public dashboard.
Worked example · Henrico FY 2024–25
What Henrico's first year would have looked like.
If Henrico had used the Hanover Framework split, their first-year $13.6M would have looked like this:
Residents
$6.8M
50% of $13.6M
Capital
$3.4M
25% of $13.6M
Stabilization
$2.0M
15% of $13.6M
Operations
$1.4M
10% of $13.6M
Henrico actually delivered $18.3M in total new tax relief, well above the 50% residents share, because the rate cut leveraged existing revenue. The framework guarantees the 50% floor; the rate design amplifies it.