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Lower property tax for SC motorcyclists

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Motorcycle and heavy-duty truck owners would see lower property taxes with legislation heading to the House floor.

The Ways and Means Committee on Wednesday approved a bill that lowers the property assessment on motorcycles from 10.5 percent to 6 percent - the same rate car owners pay.


The break also helps people who own heavy-duty vehicles, such as pickups, that aren't covered because they weigh more than 9,000 pounds. The legislation raises the weight limit for the 6 percent rate to 11,000 pounds.


The changes will cut about $5.1 million from motorcycle and heavy vehicle tax bills, according to an estimate by the state Board of Economic Advisors. The board says that would be offset by slightly higher taxes on homes, commercial and other property.



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