Tax on investment property: North Carolina vs South Carolina

[Gary Montgomery]

I know taxes can be very complicated, but could someone please give me the heads up on why it's financially better to invest over the border in North Carolina, than here in South Carolina?

Thank you. 

[David Chwaszczewski]

@Oyama Lewis  not only are you taxed 6% of assessed value, you are also charged at a different millage rate as an investor. 

Ex in Rock Hill non owner occupant : 100,000 assessed value X 6% X .3296 millage  rate = $1977.60

Ex in Rock Hill owner occupant : 100,000 assessed value X 4% X .2152 millage rate = $ 860.80

Before you buy any property in SC call the county tax assessor and they can give you the exact taxes for year. Also ask when last assessment was done and when they are planning on reassessing the area.  If you buy this year and they reasses next year you could be paying much higher taxes next year eating up cash flow.