The Palmetto Insider

The blog of the South Carolina Policy Council

POLL: Property Taxes

with one comment

H 3272 passed the House last session and will likely be passed by the Senate in 2010. The bill caps property tax increases at 15 percent for point-of-sale transactions. The original bill would have applied this cap retroactively to 2006, but the amended version likely to pass excludes homes purchased in 2007 and 2008, thus subjecting these homeowners alone to the higher tax rate. Making the cap retroactive, however, would require counties to pay back these taxpayers.

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Written by SC Policy Council

December 10, 2009 at 11:54 am

One Response

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  1. It is ridiculously unfair to pass anthing that leaves such a small percentage of homeowners to shoulder this unfair tax burden. ATI was a poorly thought out, inequitable proposition from the beginning and voters were unaware what they were voting for because it was packaged with the 15% cap on assessed value. I own a property that a portion transferred in 2007 because of the death of a parent. I was already an owner of this home, but gained full ownership in 2007. My taxes are $3,000 more than my neighbors, most whom purchased their home after I purchased my home. I can’t even believe that our representatives would consider an amendment that wouldn’t undo this fiasco for all involved. I don’t care about being reimbursed, but I do care about being charged more year after year after year and I will remember this at voting time! H3272 is not the answer and would alllow an even more unfair taxation. Where is the logic for leaving those with transfers in 2007 and 2008 out in the cold??? Why should we always pay more?

    T

    December 28, 2009 at 1:41 am


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