Saturday, February 16, 2008

Boaters tax break

Boaters docked in Horry County could get a major tax break soon.
The county wants to exempt a little more than 42% of the fair market value of a boat when it assesses property taxes. That's a decrease from the 100% now used.
That would mean all boats would be assessed at a six percent rate, unless used as a primary residence, then it's 4%.
Officials hope the tax break will entice boaters to stay docked in Horry County.
The proposal is expected to be approved Tuesday.