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Reassessment drives big shift in Fauquier tax base as data-center values surge
Summary
County assessor and revenue staff said reassessment raised the median residential assessment to about $533,400 and that a cluster of data-center properties grew from roughly $63M to about $556M in assessed value, concentrating commercial valuation growth.
Fauquier County officials told the board that the January 1, 2026 reassessment produced significant shifts in assessed values across the county, with staff citing a new median residential assessed value near $533,400. Commissioner of Revenue Eric Maybach said the county reassessed roughly 34,788 parcels and that overall assessed value increases were driven in part by a single data-center cluster.
Maybach told the board: "The data center property here actually went from a total assessed value of $63,000,000 to $556,000,000 in real estate value." He added that non-data-center commercial values rose about 24.6% while the aggregate commercial/industrial increase appears near 57–58% due to the data-center effect. Staff noted reassessment increases and the statutory equalization process can change the effective rate and that tax-relief changes (veteran/elderly exemptions) enacted at the state level are shifting revenue impacts to localities.
Board members asked for more district-level detail and staff said they would provide supplemental breakdowns offline. Officials also warned that reassessments increase the visibility of rate decisions: staff described a budgeting equalization near 85¢ when pre-relief collections are considered, compared with the advertised code-required rate.
