Tag: tax increase

Rising Taxes in Horry County

It now looks virtually certain that the new fiscal year, beginning July 1, 2013, will include increased taxes on the unincorporated areas of Horry County.

County council is expected to raise taxes by 3.5 mills in the unincorporated areas to fund new fire equipment and to fill some currently vacant positions.

The increase will amount to approximately $14 per $100,000 valuation on owner occupied homes, which will provide approximately $3.5 million in new revenue.

If these upgrades are not made to county fire service, council members say the county’s ISO rating will increase, especially in the rural areas, causing homeowners to pay higher fire insurance premiums.