Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply

Charleston Duplex Taxes
Hey all,
Question on how Charleston, SC handles taxes on a duplex. I own a downtown Charleston duplex and reside in one of the units (primary residence). I recently submitted my residency application to retain the more favorable tax treatment but was only granted 50% at the lower rate, and the other 50% at 6%. Is this normal or should I get a break on the entire thing? I ask because my mortgage is escrowed to pay taxes on the rate at which the entire property would be considered primary.
Any help is much appreciated. Thank you!