Increase does not necessarily mean homeowners will pay higher taxes
YORK COUNTY -- The value of about 75 percent of properties in York County will increase in the county's latest assessment, to be mailed to taxpayers in May.
Taxpayers won't know until October, however, if they will pay higher taxes as a result.Tax assessments won't happen until cities, the county and the school districts set their millage rates.
Reassessing property values is not about "raising taxes," said Teresa Simmons, York County's assessor.
"It is intended to distribute the taxes collected more fairly among all property owners," she said.
"Without reassessment, taxpayers in faster growing areas will pay taxes on a smaller percentage of value than those in slower moving areas."
"It is intended to distribute the taxes collected more fairly among all property owners," she said.
"Without reassessment, taxpayers in faster growing areas will pay taxes on a smaller percentage of value than those in slower moving areas."
Read more: http://www.heraldonline.com/2011/01/16/2757504/property-values-expected-to-climb.html#ixzz1BKFFV8arYORK COUNTY York County property values expected to climb The Herald - Rock Hill, SC
