Millage Rate Increase Limitation FY 2022-23 Inflation Component

SCAC has received the SC Revenue and Fiscal Affairs Office’s (RFA’s) memo regarding the FY2022-23 Millage Rate Limitation-Inflation Component. Each county’s millage rate increase limit will be based on 4.70 percent, plus any increase in population. RFA will publish the final millage rate increase limitations once the Census Bureau releases the county population estimates by late March. SCAC will forward the final millage rate limitations for FY2022-23 as soon as the information is available.