Scope
Item 3-5.18 (Real Property Tax) of the 2026 Special Session I appropriation act (budget bill HB 30, chapter version) states that Code of Virginia section 58.1-3295.3 requires data center fixtures classified as real estate to be valued by the cost approach, and provides that such fixtures shall be assessed at one hundred percent of fair market value as determined by the cost approach and consistent with section 58.1-3201.
- Geographic scope
- Virginia
- Jurisdiction
- State
- Authority type
- Legislature
- Issuing authority
- Virginia General Assembly
Dates
- Adopted
- No adoption day is recorded
- Effective
- Effective date not stated in the source
- Scheduled expiration
- See completion condition
- Ended
- Not recorded as ended
- Completion condition
- The item states no end date of its own.
- Source document
- The source page states no document date
- Last checked
- 23 September 2026 (earlier than tracker date 5 October 2026; not an automatic status change)
Summary
The 2026 Special Session I budget (HB 30, Item 3-5.18) directs that data center fixtures classified as real estate be assessed at one hundred percent of fair market value as determined by the cost approach required by Code of Virginia section 58.1-3295.3. It concerns local real property assessment of data center equipment such as generators and cooling systems.
What this does not establish
- The budget portal page does not print the appropriation act’s approval or effective date, so none is stored.
- Whether the item changes assessments in practice, compared with section 58.1-3295.3 alone, was not examined.
- Budget items generally apply for the appropriation act’s biennium; the item itself states no end date.
Unresolved questions
None recorded.
Relationships
Supersession means a later instrument replaces the earlier legal effect. Repeal links identify the repeal instrument and the measure it ends. A later implementation or related letter is not treated as a replacement unless the record says so.
- No related action is recorded.
Sources
https://budget.lis.virginia.gov/item/2026/2/HB30/Chapter/3/3-5.18/