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AREA FACTS AND STATS


QUALITY OF LIFE The region’s current population of more than a half-million is predicted to grow


to nearly 613,000 by 2010. Quality of life takes most of the credit for this impres- sive growth. Historic setting, climate, beaches, exceptional restaurants, shopping, cultural and recreational amenities, plus affordable housing, and education op- portunities make Charleston the most attractive metro area on the east coast.


FIVE LARGEST EMPLOYERS Company US Navy MUSC


Charleston Air Force


Charleston County School District Roper St. Francis Healthcare


#of Employees 16,219 8,200 5,594 5,000 4,000


TOP ECONOMIC CONTRIBUTORS Company


The Port of Charleston MUSC


Military Tourism Industry


Contributed Annually to Local Economy $3.3 billion $1.65 billion $3.28 billion $5.4 billion


As reported by Charleston Regional Alliance


METRO AREA EMPLOYMENT BY SECTOR Sector


%


Government/Public Administration 19.4% Wholesale & Retail Trade


Professional & Business Services Leisure & Hospitality Industries Education & Health Services Manufacturing


16.1% 12.4% 12.3% 10.2% 7.7%


Natural Resources/Mining/Construction 7.1% Financial Activities


Transportation Warehousing/Utilities 4.1% Information


4.7% 1.7%


Other Services


Source: SC Employment Security Commission TAXES


INCOME TAX The State levies and administers a state income tax based on the net income of the resident (ranging from 2.5% to 7%).


For more information contact:


BERKELEY COUNTY TREASURER’S OFFICE 223 North Live Oak Dr., Moncks Corner, SC 29461 843-723-3800 Ext. 4040


CHARLESTON COUNTY TREASURER’S OFFICE P.O. Box 878 Charleston, SC 29402, 843-958-4360


S.C. DEPT OF REVENUE 3 South Park, Ste. 202 Charleston, SC 29407 843-852-3600


PROPERTY TAXES ·


South Carolina does not have state property tax. Real and personal property


taxes are levied by local taxing authorities (real at 4 or 6% and personal at 10.5%). · There is no intangible personal property tax in South Carolina. The local millage are (set at the local level) is applied to the assessed value to determine annual tax. · Beginning in 1995, legislation was passed stating that South Carolina individu- als who own a home valued at $100,000 or more are exempt from the portion of millage imposed for school operations for up to the first $100,000 of the home. In addition, property tax credits are also applied in Charleston and Berkeley counties from the local option sales tax. · For more information on county property taxes, contact the country treasurer’s office in your area.


SALES TAX · 7% Dorchester County · 7% Berkeley County · 7.5% Charleston County


4.2%


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