The Town collects no property tax. How is that possible? The Town is entirely included in the James Island Public Service District. The JIPSD provides fire protection and solid waste collection in the Town. These are paid for by the JIPSD millage--in 2022, it was 60 mils, which would be about $720 for a typical James Island home.
In 2019, the Town and JIPSD adopted a cost sharing agreement. The Town pays for a share of the cost of providing fire protection and solid waste collection in the Town in return for the JIPSD agreeing to allow the Town to provide a credit against the JIPSD line on the property tax bill.
The Town receives approximately $1.2 million each year from the South Carolina property tax credit fund to reduce the property tax burden for taxpayers within the Town. For the last five years. the Town has used this money to reduce the property tax paid by residents of the Town. In 2022, the savings come out to $210 for a typical $300,000 James Island home. That reduced the JIPSD taxes by 32% and the overall property tax bill for homeowners by approximately 13%. Tax credits are provided for all property in the Town including businesses, rentals, vehicles, as well as boats and other personal property.
Should the Town continue to use the money from the property tax credit fund to provide a property tax credit on the property tax bill by continuing with the Cost Share Agreement with the JIPSD?
Where does each candidate stand on this issue?