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Updated almost 10 years ago on . Most recent reply

User Stats

122
Posts
33
Votes
Chris Haas
  • Investor
  • Reading, PA
33
Votes |
122
Posts

Looking for 2015 Information on Property Taxes for NOO in SC

Chris Haas
  • Investor
  • Reading, PA
Posted

Interested in Spartanburg, SC and Myrtle Beach Area.
I found some threads on bp about taxes being triple owner occupied and others saying it's 6% instead of 4%.  Can someone that actually knows set me straight ?

Hard to run numbers without such a critical piece. 

Most Popular Reply

User Stats

51
Posts
14
Votes
MaryAnn Morelli
  • Property Manager
  • Greer, SC
14
Votes |
51
Posts
MaryAnn Morelli
  • Property Manager
  • Greer, SC
Replied

yes, it's true. SC owner occupied property is taxed at 4% and in addition there are several discounts given which makes SC owner occupied property taxes really low.  However, rent that same property and you lose the discounts and the rate jumps to 6%, which ends up being about 3x the owner occupied rate.

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