Some Myrtle Beach homeowners noticed steep changes in property taxes this year after a local tax credit dropped nearly 15% and the state increased an exemption by $25,000.
Many residents have taken to social media to question why their property tax bills have increased this year. Here’s why.
The Tourism Development Fee, or TDF, property tax credit fell from 67.45% to 53.4% this year. The city of Myrtle Beach attributes the drop to growth and rising property values increasing tax credit costs…