By Ben Szobody STAFF WRITER bszobody@greenvillenews.com
Delaying property tax reassessment until next year could protect
expensive commercial properties, leaving 107,000 residents and
owners of lower-value commercial properties to make up $5.75 million
on their tax bills, according to new county figures requested by
The Greenville News.
As a result, two-thirds of residential property owners could see
higher bills on the county's portion of their tax bills, said County
Administrator Joe Kernell.
However, if reassessment is implemented this year, county finance
officials say it would be the first time in at least 25 years that
commercial property owners pay a larger share of county tax revenues
than residents.
Greenville County Council will cast its first vote on the matter
on Tuesday, a decision between redistributing the county's tax
burden before state property tax reform goes into effect or delaying
it another year until voters can decide on a proposed cap on
property values.
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County Council Chairman Butch Kirven said it's important to shift
the tax burden toward commercial properties because of their
skyrocketing values, noting that the county has been criticized in
recent years for making residents pay too big a share.
Reassessment this year would correct that, he said.
It doesn't mean residential tax bills wouldn't go up. It
means that, for two-thirds of residential owners, the county portion
of the tax bill would remain the same or drop if reassessment
happens this year, Kernell said.
Any increase in the total bill would be less if reassessment
happens this year, Kernell said.
He said a delay until next year would mean all bets are off.
Property tax opponents have called reassessment a back-door tax
increase, and want it delayed until a cap is in effect.
The new estimates apply only to Greenville County's portion of
the property tax, although about 60 other agencies including the
school board and fire districts can levy property taxes in various
parts of the county.
John Hansley, deputy county administrator for finance, said he
can't yet estimate the effects on the total tax bill because the
other agencies haven't provided figures.
Read more about the impact of reassessment in Sunday's editions
of The Greenville News. |