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Updated about 8 years ago,
Tax Assessment for Lease Option Property
I'm looking to lease option properties. In my state of South Carolina, there is a different tax rate for Owner-Occupant vs Investor. My questions are:
1. If a seller agrees to L/O, are they required to go to the county and have the property assessed as an investment?
2. When entering into a L/O should I structure my Tenant-Buyer agreement to help cover the cost of the increase?
Thanks