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Oconee County Update: Millage Reductions, Economic Wins, Moratorium Deadline, and Election Analysis

Oconee County Council Chairman Matthew Durham issued a comprehensive update highlighting key fiscal, economic, regulatory, and political developments. In October, Council lowered the county operations and debt millage rate by 6.1 mills (an 8% reduction down to 70.2 mills) to keep property tax revenue neutral during reassessments, maintaining the second-lowest millage rate for unincorporated areas in South Carolina alongside an expanded $75,000 state Homestead Exemption.

Oconee County, SC · 1d

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Understanding your tax bill in a reassessment year

Matthew Durham calls attention to what he sees as an important number in this year’s Oconee County property tax bills. It’s the one that reflects the county council decision to lower operations and debt mills from 76.3 to 70.2. Durham, the council chairman, says council’s goal this year was to keep property tax revenue neutral instead of allowing rising property values to generate additional government revenue. He says the property taxable assessment changes relative to the county’s overall tax base helped determine whether property owners county taxes increased, decreased or remained about the same. Tomorrow evening in Westminster there is to be city council discussion of reassessment millage rates. Each council member gets a copy of what’s called the “Oconee County Millage Setting” guide created by the state revenue department. According to the city council’s agenda tomorrow, Westminster is not required to rollback its millage for FY 2027 and can increase its millage based on the calculations.

Oconee County, SC · 1d