JL's Columbia SC Real Estate Blog: Property Tax Relief....or so they would have us believe.

Property Tax Relief....or so they would have us believe.

 Call me a sceptic, but when the politicians speak, I automatically assume that they are lying. This has always been my point of view and I find that more often than not I am correct.

 Currently here in Columbia we have voted in a 1% increase in the sales tax. This is according to the politicians going to lower our property taxes. Now correct me if I'm wrong, but six of one is still half a dozen of the other. Currently in Columbia the renters vs. homeowners statistics are nearly neck and neck at 50/50. So, half the people are paying all the property taxes. This is of-course leaving out the property taxes on automobiles.

 In my humble opinion, I believe it will simply be worked out in a way that not only is the sales tax higher, but our property taxes will not be lower. Either by raising the millage rate or by figuring out some other way to screw the tax payer, call me a sceptic, but I'm simply not buying into the program. One way or another, this will turn out to be not so great just like so many empty promises before it.

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JL Boney, III - Columbia, SC Realtor - Russell and Jeffcoat Realtors

 I specialize in Columbia, SC real estate and the surrounding areas, including Blythewood, SC, Kershaw County, Fairfield County, and Lexington, SC. If you are in the market to buy or sell a home in Columbia, SC or any of the surrounding areas, I would love the opportunity to speak with to see how I can help. Thanks for reading and feel free to contact me if I can be of service to you.

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6 comments • JL Boney, III Columbia, SC Real Estate • December 30 2007 08:24PM

Comments

Just like in any contract - get it in writing.  A promise is nothing you can count on - especially from a politician.
Posted by Adam Brett - Fullerton, California Realtor (RE/MAX NOC) about 4 years ago

Are you saying that this old saying is true?:

If his/her lips are moving, then you know they are lying? 

Posted by Carol Smith (Casmi Photography) about 4 years ago
If we demanded that the politicians put everything in writing, I'm afraid they would raise the taxes on ink and paper Adam.
Posted by JL Boney, III Columbia, SC Real Estate (Russell and Jeffcoat) about 4 years ago
OH do not go there. We were told back in 2001, I believe that sales tax would increase 1/2% for 2 years then return after budget $$$$ ###'s could be meet and then 2007 we got back 1/4 %.
Posted by Susan Trombley Broker/Realtor Raleigh, Cary, Wake Forest, Youngsville (Trombley Real Estate) about 4 years ago

They had talked about property tac relief in Florida and doing the same thing, we are all still waiting...

Property tax in Florida is 2% of the market price annually.. $500,000 is $10,000 a year.. I wonder what the % is in other areas as a comparison..

Posted by Palm Beach | Jupiter | Tequesta Real Estate | Sandy Pitchford (Distinct Estates) about 4 years ago
We are still waiting in Florida for the Governor's promise that property taxes will "drop like a rock". SOmehow I feel we will be waiting a long time.
Posted by Simon Conway (Orlando Area Real Estate Services) about 4 years ago

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