Columbia South Carolina Real Estate expert discusses how to avoid being taxed too much.
Buying a Columbia Home? Search all Homes for Sale
Selling a Columbia Home? Check out our FREE Home Value Report
Today we are going to take a moment to discuss property taxes and how they affect you as a homeowner here in South Carolina. Very soon, property tax bills are going to come out. It’s important that in your primary residence, you are only taxed at a 4% rate.
In South Carolina, when a property transfers from one owner to another, the tax rate will automatically jump to 6% like it is an investment property. You may think increasing your tax bill by a third isn’t that big of a deal, but it will actually double or triple your tax bill. You do not want that.
When you get the property tax bill for your primary residence, check it and make sure you are getting taxed at a 4% rate. If you aren’t, you can always give us a call and we will help you get everything sorted out. We look forward to talking with you again soon!
