Businesses face tax hikes in 2 districts

Posted 7/10/19

Property owners in 2 Lexington County school districts face tax increases.

Gaston and Swansea commercial and rental property owners – not primary home owners – will pay 4.22 mills more to …

This item is available in full to subscribers.

Subscribe to continue reading. Already a subscriber? Sign in

Get 50% of all subscriptions for a limited time. Subscribe today.

You can cancel anytime.
 

Please log in to continue

Log in

Businesses face tax hikes in 2 districts

Posted

Property owners in 2 Lexington County school districts face tax increases.
Gaston and Swansea commercial and rental property owners – not primary home owners – will pay 4.22 mills more to cover:
• A 4% faculty and staff salary and step increase and fringe and pension benefits.
• Increased utilities costs for the Fine Arts Center.
• Worker Compensation and liability costs. 
Lisa Ingram of District 4 in Gaston and Swansea said owner-occupied homes are exempt from the increase, but motor vehicles valued at $20,000 will cost $5.06. Business and rental property valued at $100,000 will cost $25.32 more a year.
Lexington District 2’s board approved a 4.26% tax hike that will cost $26 a year per $100,000 value of a business/rental property. 
Owner-occupied homes will not be affected.  
The $756,703 increase will go to the addition of 4 middle and high school teachers, elementary and middle school library improvements, 3 mental health care professionals, teacher salary increases for 23 years experience, special education equipment and a $43,990 contingency fund.
The 3 other districts in Batesburg-Leesville, Cayce, Chapin, Gilbert, Irmo, Lexington, Pelion, Pine Ridge, South Congaree, and West Columbia passed budgets requiring no property tax increase this year.

business, business tax, tax hike

Comments

No comments on this item Please log in to comment by clicking here