New member in SC

[Michael H.]

Hi BP,

I joined a several months ago and have been browsing the site and reading a lot of interesting material on here. This seems like a great community.

I moved to SC (Rock Hill) last year from CA. I bought my primary residence last year and renting out the extra rooms. Looking at investment properties now (buy and hold). I am trying to figure out property taxes in SC for investment properties. I know it is 4% for primary and 6% for property you don't live in and I know the millage rate has something to do with it but I am having a hard time coming up with a number that it will be. Does anyone in SC know what the property tax would be (like $2K for $100K property)?

Thanks!

[David Chwaszczewski]

Hey @Michael H.

I invest in Rock Hill.  The way it works is:

Appraised Value x Assessment Ratio x Millage Rate = Taxes 

As a Investor

Example: $100,000 property in the City of Rock Hill

$100,000 x 6% x 0.3814 = $2,288.40 

If you PM me I can send you all the information and breakdowns that i have.