COLUMBIA - Several pieces of state senators' efforts to reform property taxes
are on their way to the Senate floor.
The Senate Judiciary Committee on Wednesday unanimously passed up three bills
that would amend the state constitution.
One bill would make so-called point-of-sale reassessment the default system
statewide. Under that method, property would be reassessed only when sold,
inherited or substantially improved. But the amendment allows counties to choose
from other reassessment options provided by the General Assembly - an option
some tax groups oppose.
"We can't live with the cafeteria plan," said Emerson Read, a Charleston
resident and chairman of the Low Country Tax Elimination Committee. "We want a
point-of-sale, period."
Another proposal would cap local tax rates. Increases would be limited to the
state's personal income growth, except in specified situations. Local
governments could get more money through a public vote.
A third amendment would require that if governments must raise taxes because
of a debt from the previous year, a court order, or a "catastrophic event," such
as a natural disaster or terrorist attack, then tax bills must list those
amounts separately.
The bills are part of the General Assembly's efforts to cut property taxes,
which homeowners across the state are demanding. Subcommittees in the House and
Senate have been meeting on the issue for months to come up with a plan for the
legislative session that starts next week.
The bills discussed Wednesday do not address legislators' ideas to cut
property taxes by increasing the state sales tax, a key part of the debate.
The Senate will wait on House plans to address that. The state constitution
requires that any legislation that affects state revenue come from the
House.
"We want all the technical stuff out of the way," said Senate President Pro
Tem Glenn McConnell, R-Charleston, who is also chairman of the Senate Judiciary
Committee. "The fight is still ahead."