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Updated almost 8 years ago,

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20
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4
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Alnise O.
  • Virtual
4
Votes |
20
Posts

Need help from Conway, SC investors...Furniture Tax

Alnise O.
  • Virtual
Posted

Hi, I have been wagered to start my real estate investing journey and encouraged my Dad to do the same, well Dad took my advice and is about to close on his 1st investment property in Conway,SC. Together we got a great deal on a brand new town home 3bd/2ba w/ asking price of $169k and got it for $140k! 

Now because he's an investor we're told he will be taxed differently (his primary home/ residency is NC) so instead of the $620 the builder stated would be property taxes, he has to pay $2200... does anyone know if that's accurate? Called the tax assessor office and they said they said he would taxed differently but could not tell the exact price until October 2017 when property tax fees are issued.

There is also a furniture/ personal property tax that will be charged and on the itemized form it includes DVD, tv, major kitchen applicances, blinds, bed  linings and etc...( he doesn't plan on furnishing it but received all new stainless major applicances) does my Dad have to list every single item in the house on that sheet for the tax office? Like I'm trying to figure out if they will tax everything even the blinds...I've never heard this.

Anyone with experience with this that could provide some insight I greatly appreciate It. Thanks in advance.