An independent economic analysis found that a proposed data center in Festus would generate so much new tax revenue that local tax rates could drop dramatically. That means real savings for families and homeowners every year.

Here is what it means for Festus residents: 

• Tens of millions of dollars in new tax revenue every year are paid by the data center, not local residents

• Property tax rates could drop up to 80% for Festus homeowners and taxpayers

• More funding for local services, including schools, roads, police, fire protection, and ambulance services

In short, the data center pays in, and your property tax bill goes down.

Important: How does this work?

The data center would add roughly $6 billion in taxable property value to the Festus area. That would make it one of the largest taxpayers in the region.

Under Missouri Senate Bill 1790, when a data center is built, any taxing district in which the data center resides requires those taxing districts to immediately roll back personal and property taxes at the full assessed value of the project. 

The bill guarantees that homeowners and residents receive the benefit of the project, not the taxing districts. 

With a lot of misinformation out there and the talk about data centers, this is not a campaign promise. Or even one that the data center developers are making. It is how the law (Senate Bill 1790) would work.

Will local services lose funding?

No.

Even though the tax rate decreases for residents already living in the taxing district, the total amount of tax revenue going to local services actually increases because the data center would pay tens of millions of dollars in new taxes each year.

That means schools, police, fire departments, ambulance services, and road maintenance receive more funding than they do today, while Festus residents pay less.

The bottom line

✓ Your property taxes could drop significantly
✓ Local services receive more funding, not less