There are many
excellent homes to choose from in the Columbia area, with a variety of
local real estate markets that have properties of great quality
available for purchase. If you're considering buying real estate in the
Columbia area, GO HERE to perform a Full Home Search, or if you're in the process of selling your home, CLICK HERE to obtain a Free Home Value Report.
For any other questions you have regarding the market conditions of
Columbia real estate, or your own home's value, please don't hesitate to
contact me at (803) 407-3883.
If the property you are living in is your primary residence, you should be taxed at a 4% rate. Unfortunately, when you buy a new property, the county automatically considers it an investment property and taxes it at a 6% rate, tripling your tax exposure.
To make sure this doesn't happen to you, here's what you need to do if you have purchased a new home. Make sure when you get your tax bill at the end of the year, the box marked 4% is checked on your tax bill, stating that your home is an owner-occupied property.
If you've recently purchased a property, you need to fill out a form that states it as your primary residence and take it to the county assessor's office, where you will be required to present your license with the property's address on it. They might also want to see a utility bill for the home as well.
If you get the bill that says 6% rather than 4%, make sure you call the assessor's office immediately so you can get it changed. This is very important to keep your tax exposure where it should be.
If you have any questions for us, don't hesitate to give us a call or send us an email. We would love to help out!
