Lexington County resident advocates for boat tax relief at South Carolina tax hearing

Residents of South Carolina are voicing their concerns over high property taxes on boats, as discussions at the Senate Finance Committee's Property Tax Subcommittee meeting on April 15, 2025, highlighted the financial strain on local families. One resident, a lifelong citizen of Lexington County, shared his personal experience of paying thousands in personal property taxes for his modest boats, which he claims is more than what he pays for his home and land. He emphasized the need for relief, stating that many in his community feel similarly burdened by the tax rates.

The resident's testimony underscored a broader issue: South Carolina's boat owners face some of the highest property taxes in the region, with many feeling that the tax system disproportionately affects them compared to neighboring states like Georgia, where boat taxes are significantly lower. He urged lawmakers to consider the financial impact on everyday citizens, particularly retirees like himself who are trying to enjoy their golden years without the stress of excessive taxation.

The meeting also featured Owen Bridal from the Association of Counties, who raised concerns about a proposed 50% property tax exemption for boats. He warned that such a drastic reduction could lead to a $60 million revenue loss for counties, which would ultimately shift the tax burden onto other property owners, including small businesses and renters. Bridal pointed out that while some coastal counties have successfully lowered their assessment ratios, the overall impact on boat registrations has been minimal, raising questions about the effectiveness of such tax cuts.

As the committee continues to deliberate on potential reforms, the voices of local residents and county officials highlight the urgent need for a balanced approach that addresses the financial realities of boat ownership while ensuring adequate funding for essential services in South Carolina communities. The discussions reflect a growing demand for tax relief that does not compromise the financial stability of local governments or the services they provide.