Something you just don't hear every day, "Your taxes are going down." But for North Myrtle Beach homeowners, that's exactly what is scheduled to happen.
North Myrtle Beach is expected to drop the millage rate from 43.3 mils to 36 mils giving North Myrtle Beach homeowners a lower tax bill in 2020. The official vote will take place this summer. The millage rate had been raised to help pay for the North Myrtle Beach Park and Sports Complex. The city is almost finished paying back the eight-year, $15,000,000 bond which means the tax rate is due to drop.
According to city manager Mike Mahaney, the 36 millage rate is likely the lowest tax rate in the state for a full-service city.
Sounds like a great time to buy North Myrtle Beach real estate!