Shit. Does this mean my property taxes are gonna go up?
Last year, Haley said she would support a gas-tax increase to help pay for road repairs only if lawmakers agreed to reform highway spending and cut income taxes by a far larger amount. She billed it as the largest tax cut in state history.
Income taxes are already super super low. I disagree with income taxes, but also see the necessity. I'd rather see higher taxes on consumption vs. income, so raise the gas taxes a bit. That I can get behind.
“We take almost $600 million off the top (in state spending) for the property-tax relief fund,” Democrat Cobb-Hunter said. “A few years ago, we, as a General Assembly, said, ‘You know what? It is more important to us that we provide taxpayer-homeowner relief than it is for us to fund education or fix our roads.’ That has become a sacred cow.”
Yes.
South Carolinians might think they are overtaxed.
I do not feel this way at all. Maybe because I hail from the People's Republic of New Jersey, where my pops pays nearly four grand a year in property taxes for a dilapidated tiny house built in 1945 on a tiny parcel of land. My step-sister and her man pay about seven thousand.
I dislike property taxes. BUT, I'm also not an idiot and like living in a first world country. I understand their necessity, and I understand the need for the state to have some means to acquire revenue, and as a property owner I recognize the benefits I receive in return for taxes - roads, schools, fire department, police department, etc.. However, I think they can get out of hand, so kudos for SC keeping them reasonable so people making less money than I can also afford home ownership.
46th
Property taxes paid as a percentage of the value of a owner-occupied home in S.C. The national average was twice as high.
Right on!
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Interesting read!
You aren't doing it wrong if no one knows what you are doing.
