Charter schools in South Carolina have been in the news recently. What do you know about charters? Questions briefly answered here: What is a charter school? How is it different from a “regular” public school? What has been the growth and performance of these schools? What are some current issues surrounding charters in the state?
School districts in South Carolina are losing a large and growing amount of local revenue for school operations from the property tax exemption for primary residence homes and corporate tax abatements such as FILOTs. In combination, the net operations loss for all school districts in South Carolina is nearing $1.5 billion per year and growing.
Your property tax bill(s) is not easily understood particularly when it comes to school district taxes. This article explains how these taxes work in general and the added complexities involved in the taxes for your school district.
IMPORTANT TO KNOW: The property taxes on your primary home do not help fund the operations of the public schools that your children or your neighbors’ children attend.