Point of Purchase Re-assessments
are killing the SC market.
So where does YOUR Legislator stand:
For your needs?
or Local Government Greed??
The NoHomeTax.org Leadership Team has recently been provided with a market analysis conducted by Coastal Apartment Advisors of Hilton Head, which offers positive proof that the “Point of Sale” re-assessment is crippling the value and desirability of South Carolina Real Estate. Most alarming of all, this specific study shows the value of multi-family properties in SC had already begun to plummet in 2007, even before the economic crisis began. Why? The HUGE Point of Purchase re-assessment tax increases!
Ask anyone involved in Real Estate—Buyers, Sellers, Realtors, or Brokers—and you’ll hear that this study is just the tip of the iceberg. This Point of Sale re-assessment is also crippling sales of RESIDENTIAL HOMES… SHOPPING CENTERS… LAND… AND SECOND HOMES. Think the issue doesn’t apply to you? Then know this: They are also demanding full re-assessments if you make improvements to your home, or pass it along to your children!
Of course, City and County Governments LOVE the Point of Sale Re-assessment because they enjoy the resulting “windfall” tax increases-- sometimes of several hundred percent! But South Carolina Property Owners looking to sell are suffering a “real estate crisis within an economic crisis!”
YOUR Legislator must decide: Are they with the residents and businesses and investors of SC, or are they with the City and County Governments?
You’re almost done… please keep reading!
You simply wouldn’t believe all the tricks some members of the General Assembly are pulling to watch out for their buddies in Local Government. They KNOW this issue is confusing, and they are hiding behind the confusion.
Their newest trick? They have a bill that calls for the formation of a “Tax Review Committee” to provide guidance for overhauling the SC tax code. The trick? The committee won’t have any elected officials on it! If you get slammed with new taxes, or they mess with the current property tax relief, your legislator will “blame it on the committee!” In fact, those appointed to this committee CANNOT be politicians or lobbyists, but MUST have “public policy” and “tax” experience. Who in the world fits that description??!! No one, except maybe bureaucrats. Have you ever met a bureaucrat that didn’t like higher taxes?
Confused? Don’t be—the SOLUTION is quite simple: They need to leave our property tax relief alone, and COMPLETELY eliminate the Point of Sale re-assessment!
Please, call or write your Senator and Representative today and tell them, “The Point of Sale Re-assessment needs to be completely eliminated.” NOT DELAYED… but COMPLETELY ELIMINATED.
(NOTE: You can email, but they simply ignore & delete emails. The best thing you can do is call and write.)
And please, help us with this fight by donating some money! These battles are won and lost by the size of your “war chest,” which elected officials know you can use to POINT OUT THE INDIVIDUALS who act to raise taxes.
Below is the contact information for your Legislators: