SWVA AUTHORITY SETS LOW TAX RATE TO LURE DATA CENTERS

The Lonesome Pine Regional Industrial Facilities Authority In Southwest Virginia Has Decided To Establish The Lowest Property Tax Rate In The State For Data Center Equipment. This Change Was Made With The Hopes Of Luring More Businesses Like This To Norton As Well As Dickenson, Lee, Scott, And Wise Counties. The Tax Rate Now Sits At 24-Cents Per $100 Of Accessed Value With A Favorable Depreciation Schedule.