GL: SOUTH CAROLINA 10 PERCENT YEARLY TAX

[Jim Ague]

>> Has anyone heard anything about this new South Carolina tax.  If
>> true, it will no doubt hurt places like Charleston, Beaufort,
>> Hilton Head as a winter destination point.  If not true, it would
>> be a shame to have South Carolina receive a bad reputation amongst
>> long range cruisers and boaters wishing to over winter in that
>> beautiful state.

It's true! Very dumb idea. My ex, who retained Derreen (1994 Monk 36) as 
part of the settlement, was hit with a $4000 personal property tax (approx 
3% of value) by the Horry County Assessor because she left Derreen at 
Harbourgate Marina, North Myrtle Beach, from Oct 2006 to April 2007. She was 
able to talk them down to $2000 somehow.

What is stupid about it, is that this will be an annual recurring tax. SC 
marinas and boat industry is going to be hurt.

-- Jim Ague