As reported by the Paper: The City of Georgetown, Georgetown County and the Georgetown County School District all voted to raise millage rates, spelling out a tax increase for all of the county’s residents.
The city council approved its budget and a millage increase from 87 to 93 mills. The new millage rate means an increase in property taxes. For example, at the current 87 millage rate, an owner-occupied property valued at $150,000 would accrue $522 in taxes. Under the new millage rate, it would accrue $558 in taxes.
For rental or commercial properties, which are assessed at a higher rate, using the same hypothetical value of $150,000, taxes with the old millage were $783 and taxes with the new millage will be $837.
The increased millage rate passed as part of the presented $36,415,854 budget. Yes, a $36 million dollar budget - think about that as you look around the City of Georgetown. The millage rate for the County is now 56.1 mills while the cities is 93 mills. Just so I am clear the County runs on 56.1 mills while the City runs on 93 mills.
I guess the government leaders did not care that the City of Georgetown is the poorest city in the State and over 20% of our people live in poverty.
Win With Winslow,
Thomas W. Winslow
Candidate for City Council
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