Property tax : statewide economic growth and taxation issues in South Carolina

For nearly one hundred years, the property tax system has effectively served as a major revenue source for local governments in the state of South Carolina. However, there are many aspects of this system that could be improved. First, all real property should be treated the same for property tax purposes. Second, several of the available exemptions should be amended to limit the potential for abusive action. Finally, millage rates increases should be limited, and adjustements should only occur periodically. As a result of these changes, the property tax system in South Carolina would promote a greater degree of efficiency and equity for all property owners