North Charleston Mayor Keith Summey proposes property tax increase
North Charleston is considering a budget that will raise spending by more than 5 percent, and calls for a small tax increase.
Mayor Keith Summey said at a budget meeting today that, although city tax revenues are rising, he recommends the property tax increase due to costs of purchasing $4 million in vehicles and other equipment.
The proposed tax increase would cost someone with a home worth $150,000 another $6 a year, bringing the city’s bill to $570.
If that same home were rented out, and taxed as a commercial property, the increase would be $9 a year.
Properties other than owner-occupied homes are assessed at higher rates in South Carolina, so they see a larger impact from any tax increase.
The city’s initial budget plan calls for spending $99.8 million in the 12 months starting July 1, up $4.8 million from this year.
The budget includes raises for city employees, the hiring of a dozen firefighters, and several other new positions.