MOUNT PLEASANT, S.C. (Sept. 25, 2020 ) - Today, at a special meeting of Town Council, the Town of Mount Pleasant’s millage rate was established for Tax Year 2020. This is a property reassessment year and the Town experienced an overall increase of 13.2% in property values over last year. The Town’s operating millage rate of 38.1 mills was rolled back to a revenue neutral rate of 34.7 mills by Town Council. The Town’s debt millage of 2.9 mills was increased by 1.7 mills to 4.6 mills. The intent behind the debt millage increase was to continues the Town’s actions to mitigate flooding and relieve pressure off of the Town’s operating budget for debt repayments. Each mill increase on a residential property appraised at $450,000 is an increase of $18.00 on the annual tax bill.