Trend Among Local Governments to Raise Taxes

Last fall, Charleston County voters agreed by almost a 3-1 margin to increase property taxes to raise $108 million for constructing five new libraries and renovating 14 others.

While that ultimately might lead to about $11.20 more in taxes on a $100,000 home, County Council will decide how quickly it needs to borrow the money — and raise the tax rate — to get the work going.

And in Berkeley, the sales tax rate won’t be dropping this year, after voters agreed last November to extend their 1-cent transportation sales tax that first took effect in 2008. Charleston County voters also agreed last fall to continue its 1-cent sales tax for school improvements.

In Dorchester County, the owner of a $100,000 home might pay $22 more on their next tax bill to pay for detention officers and personnel for the county’s emergency medical services. If approved, it would be the county’s first increase in about a decade.

The Charleston County School District is considering property tax increases for both its operations and debt. Since owner-occupied homes don’t pay school operating taxes, the former would raise the bill on a $100,000 rental home by $60, while an owner-occupied home would be charged $8 more this fall to help pay off $6.2 million in new debt to buy school buses.

Read the full article to see other localities that will be raising, or intend to raise taxes here:

http://www.postandcourier.com/article/20150517/PC16/150519502/for-many-local-governments-timing-is-right-to-raise-taxes

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