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Loudoun officials outline changes to vehicle and business equipment assessments for 2026 tax year
Summary
County staff described a shift in methodology for valuing new vehicles and business equipment — including data center hardware — that would take effect for calendar-year 2026 assessments and could raise or lower bills depending on asset type. Supervisors asked for public notice and follow-up analysis on small-business impacts.
Loudoun County officials presented proposed changes to personal property assessment methods that will apply to the 2026 tax year, including a change in how new vehicles and business equipment (notably data-center computer equipment) are valued.
The presentation by the county’s Revenue, Commissioner of the Revenue deputies and budget staff traced the change to a 2024 General Assembly decision that created a special classification allowing the board to set a separate personal property rate for vehicles and to a consulting study by PFM that recommended more market-based book values for certain asset classes. “When a new automobile is purchased … the used car guides don't have enough sales information,” the county’s revenue deputy said, explaining the recommended shift from 100% of DMV cost to 95% of MSRP for next-model-year cars. For business equipment — including servers…
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