Letter: School Taxes
Letter: School Taxes
The article ,”Bursting at the seams,” in today’s Post and Courier contains a reference to Act 388 that requires further explanation. The article says: ”State law, Act 388, limits the kind of taxes a school district can levy, including a prohibition on taxing homeowner-occupied residential properties for operating expenses.” Actually the school district does tax the homeowner-occupied property for school operating expenses but the homeowner is credited for that amount on the tax bill.
Letters to the Editor: Charleston City Council must look for other cuts before hiking taxes
The Post & Courier December 10, 2020 I recently read that Charleston City Council is considering spending $3 million on Volvo Car Stadium and between $500,000 and $3 million to save two old smokestacks. The kicker is that the City Council is discussing raising property taxes and reducing rebates in order to balance the 2021…
What to expect as Charleston County reassessment redistributes the property tax burden.
By David Slade, Senior Reporter The Post and Courier The word “reassessment” used to prompt confusion and fear among property owners in South Carolina, but the results of Charleston County’s reassessment this year shouldn’t result in huge changes to tax bills, as in the past. Reassessments are updates of the real estate values used to calculate…
What’s Wrong With Act 388?
Answer: Nothing! The Act is being unfairly accused of curtailing school funds and shifting the property tax burden from owner-occupied properties to business properties. Act 388 is operating as intended. School districts are being compensated by a formula which reimburses them for operating expenses adjusted for increases in the Consumer Price Index, population growth and…
A Short History of the Low Countries’ Involvement in Lowering Property Taxes
Since 1995 Lowcountry counties were experiencing 200% and 300% increases in property taxes every 5 year reassessment cycle. In 2004 two bills, H 4271 and H 3689 were introduced to limit increases in assessment to 0% and 15% respectively in the 5 year cycle. Charleston County passed a 15% cap based on previous legislation allowing…
