Property taxes can significantly impact your monthly payments, so it’s important to understand how they work in South Carolina before purchasing your first home. This blog breaks down the essentials of property taxes and how they’re calculated.
- How SC Property Taxes are Calculated: A look at the tax rates in South Carolina, how local government assessments affect your tax bill, and the difference between primary residences and investment properties.
- Exemptions for First-Time Buyers: Available tax exemptions or reductions for primary residences, such as the Homestead Exemption for seniors and disabled homeowners.
- Budgeting for Property Taxes: How to estimate your annual property taxes and incorporate them into your home-buying budget.
Being aware of property taxes before buying a home in South Carolina will help you plan for the future and avoid any surprises down the line.
Call BMac Realty (powered by United Real Estate Queen City) to get your free consultation at 704-761-4385 x2 today.
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