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County Considering Tax Rate Reduction

property-taxesExperienced carnival operators know how to play the ‘shell game’. No matter how hard you try, or how many times you play, you never win. It’s no different when government sets out to separate you from your hard earned money.

Scotland County Manager Kevin Patterson previously stated that he would present the Board of Commissioners with options for a Property Tax Rate Reduction. Sounds like great news, but is it?

Property Tax Rates could indeed be lowered, but as long as Assessed Valuations keep rising, property owners still come out on the losing end.

Despite the fact that real property values are declining in Scotland County (try selling your property and see what happens), Assessed Valuations, as determined by the County Assessor, continue to rise, causing property tax bills to go up. It’s the same old pig, but with different lipstick.

The other game that’s being played on County residents is the Personal Property Tax. Despite having already paid a hefty Sales, Use or Excise Tax when first acquiring personal property, Scotland County levies a tax each year for as long as you own the item.

County residents pay a heavy price, in more ways than one. Burdensome Taxation discourages new business and household formation and discourages existing enterprises from further investment, including replacement of obsolete and worn out items.

The only way we’ll ever experience a real tax reduction is if the County actually spends less money. Until then, it’s only a question of which shell game County officials use to keep us off balance.

Still in the early stages of developing the budget for the county’s 2016-2017 fiscal year, County Manager Kevin Patterson said on Monday that he plans to present the Scotland County Board of Commissioners with options for a property tax rate reduction.Read more…

Source:
Laurinburg Exchange

 

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