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The South Carolina tax swap : the estimated impact of Act 388 on homeowners and renters
Saltzman, Ellen Weeks Strom Thurmond Institute
Saltzman, Ellen Weeks
Strom Thurmond Institute
Abstract
This analysis estimates the impact of South Carolina’s new property tax reform legislation on
homeowners and renters at different income levels and living in different school districts. Table
1 shows the financial profiles of seven hypothetical families. Each of these seven families
represents the average family within quintiles of South Carolina’s income distribution. Home
values are estimated at two and one-half times income. Combinations of family incomes and
home values are used for illustration; some South Carolina school districts will have few, if any,
incomes or home values at the highest levels.
Issue Date
2006-07-20
Keywords
Property tax--Law and legislation--South Carolina, Sales tax--Law and legislation--South Carolina
Type
Text
Rights
Copyright status determined to be in the public domain on April 27, 2020 by United States Supreme Court ruling (Georgia et al., Petitioners v. Public.Resource.Org, Inc. : 590 U.S.__(2020))
Digitization Specifications
300ppi, 24-bit color, Bookeye 3 scanner with OPUS FreeFlow software, Archival Master file is a multi-image TIFF; online version is a PDF/A-1b.