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Property Tax in South Carolina
Hello ~ I am looking at properties in South Carolina (north Augusta specifically) and would like to make sure I understand the property tax rate. From what I read, for rental properties the annual tax is 6% of the appraised value multiplied by a millage. Overall it works out to about 0.5% of the property value. I've bought several properties through Roofstock and often use them to evaluate properties. Their pro-forma statements for SC properties has the rate at almost 2%. I've found errors on their pages before, but if it is an error, I haven't come across one so widespread.
Any insight would be appreciated!