How much will this mean in higher taxes?
If Beaufort County voters approve both questions on November 5, the district will borrow $344 million for these construction projects and pay it back using the traditional method of funding a bond referendum.
Residents with homes valued at $100,000 can expect to pay $28 more a year in taxes. That works out to an additional 54 cents a week. The resident owner of a $200,000 house can expect to pay $56 more a year, or $1.08 a week. The resident owner of a $300,000 house can expect to pay $84 more a year, or $1.62 a week — that is $7 per month. Non-resident homeowners, business owners, and owners of cars and boats can determine their tax impacts by using the on-line calculator on this website.
Disclaimer: This estimator is designed to give the taxpayer or prospective buyer an estimate of property taxes for a parcel of real estate or a motor vehicle. The results will be based on a few parameters the user enters. This is only a tool and the calculations are estimates only. This estimator does not reflect any fees or actual liability.
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ALSO – In Case You are Interested
South Carolina structures its school boards at the county level. Each County Board of Education is required to have a ballot question for the voters of the school district to issue new bonds under South Carolina Law. Under SC Law all bonds must be sold at normal par value and have a mandatory, maximum maturity date of 25 years. The first maturity for the bonds is three years after the date that the bonds were issued. School bonds in South Carolina can be used for capital improvements, which include building new facilities, improving existing facilities and facility acquisition.