Lowering the manufacturing assessment ratio

October 10, 2013

In recent years, South Carolina homeowners received a tax break when the state increased the tax burden on those who pay sales tax. Now a similar break is in the works for the state’s manufacturers. By lowering the manufacturing assessment ratio from 10.5% to 6%, South Carolina seeks to even the tax field with neighboring states when it comes to recruiting industry. But the state Association of Counties warns that lost revenue to local governments is not reimbursed. And that was on the mind of Oconee County Councilman Reg Dexter when he asked speakers from the state association whether utilities—in particular Oconee’s highest taxpayer, Duke Energy—would be among those manufacturers entitled to an assessment reduction. About the bill, an Association of Counties handout reads: “H. 3265 will increase the millage in order to pay for bonded debt, will dramatically shift the property tax burden to homeowners and other classes of property, including vehicles and utility property, and will severely impact the services counties provide.”




  • January 30, 2015Walhalla Civic Auditorium Presents Southern Fried Nuptials
  • February 1, 2015 10:00 amShellem Cline at Bethel Baptist Church Singing
  • February 5, 2015 7:00 pmHoly Spirit Encounter Conference
  • February 7, 2015 12:00 pmBenefit for Jack Norris
AEC v1.0.4