Charleston Sc Property Taxes

<h1>Charleston Sc Property Taxes</h1>Author: <a title="Lee Keadle" href="http://www.articlesbase.com/authors/lee-keadle/31105.htm">Lee Keadle</a> The general Charleston area is made up of three counties:  Charleston County, Berkeley County, and Dorchester County.  These three counties vary in tax prices.  If you were to compare two houses that were identical in price – one in Charleston County and one in Dorchester County – you would pay considerably more in taxes for the Charleston County home.
 
As a general rule of thumb, you can expect to pay about $700 per $100,000 of the purchase price of a home in Charleston.  In the fair chance that the home you’re considering is not priced exactly by the hundred thousands, you can calculate it by saying $7 per $1,000 of the purchase price.  For homes in Charleston County, this number is slightly higher.  So, if you were trying to calculate property taxes for a Berkeley County home priced $300,000, you can expect to pay roughly $2,100 a year for taxes. 
 
If you want to get more specific, your real estate agent should be able to provide you with actual figures for each county.  You (or your agent) can use this information to come up with a more accurate estimate.  When you talk with your agent, be sure to tell him or her whether the home would be your primary residence.  And, when we say primary residence, we mean that the owner is a South Carolina resident and actually lives in the home (he or she does not rent it out or use it as a second home).  In South Carolina, the assessment ratio is 4% for primary residence and 6% for non-primary residence.    
 
Charleston County includes most homes in downtown Charleston, Mt. Pleasant, James Island, John’s Island, and West Ashley.  Berkeley County includes most homes in Daniel Island, North Charleston, Hanahan, and Goose Creek.  And, Dorchester County encompasses most homes in Summerville and some homes in North Charleston. 
 
Your agent can also pull up tax records to see what the current owners paid in taxes last year.  Also, sometimes the MLS report for the home states the tax amount.  But, know that the amount the owners paid was based on a different house price.  So these numbers are slightly outdated and are generally lower than what you would pay if you bought the house.  The most accurate way to estimate taxes is to actually do the math yourself (or ask your real estate agent to do it for you).  And, always keep in mind that the numbers you get in any estimate are simply estimates.  No one can say with certainty how much you will pay in taxes until you actually pay taxes on your new home for the first time.  But, it’s important to get these estimates so that you can have a good idea of what you’ll be paying in taxes.  This yearly expense can greatly affect the affordability of your new home.   About the Author: Buyers interested in purchasing <A href="http://www.searchforcharlestonrealestate.com/" />Charleston SC homes</a> should contact their Realtor for more information about Charleston taxes! And, remember that taxes for areas closer to the coast - including <A href="http://www.searchforcharlestonrealestate.com/mt-pleasant-real-estate.php" />Mount Pleasant SC homes</a> - will generally be higher than taxes for areas further inland – for example, <A href="http://www.searchforcharlestonrealestate.com/summerville-real-estate.php" />Summerville SC homes</a> - since they’re in different counties!Article Source: <a href="http://www.articlesbase.com/">ArticlesBase.com</a> - <a href="http://www.articlesbase.com/real-estate-articles/charleston-sc-property-taxes-501138.html" title="Charleston Sc Property Taxes">Charleston Sc Property Taxes</a>

The general Charleston area is made up of three counties: Charleston County, Berkeley County, and Dorchester County. These three counties vary in tax prices. If you were to compare two houses that were identical in price – one in Charleston County and one in Dorchester County – you would pay considerably more in taxes for the Charleston County home.

As a general rule of thumb, you can expect to pay about $700 per $100,000 of the purchase price of a home in Charleston. In the fair chance that the home you’re considering is not priced exactly by the hundred thousands, you can calculate it by saying $7 per $1,000 of the purchase price. For homes in Charleston County, this number is slightly higher. So, if you were trying to calculate property taxes for a Berkeley County home priced $300,000, you can expect to pay roughly $2,100 a year for taxes.

If you want to get more specific, your real estate agent should be able to provide you with actual figures for each county. You (or your agent) can use this information to come up with a more accurate estimate. When you talk with your agent, be sure to tell him or her whether the home would be your primary residence. And, when we say primary residence, we mean that the owner is a South Carolina resident and actually lives in the home (he or she does not rent it out or use it as a second home). In South Carolina, the assessment ratio is 4% for primary residence and 6% for non-primary residence.

Charleston County includes most homes in downtown Charleston, Mt. Pleasant, James Island, John’s Island, and West Ashley. Berkeley County includes most homes in Daniel Island, North Charleston, Hanahan, and Goose Creek. And, Dorchester County encompasses most homes in Summerville and some homes in North Charleston.

Your agent can also pull up tax records to see what the current owners paid in taxes last year. Also, sometimes the MLS report for the home states the tax amount. But, know that the amount the owners paid was based on a different house price. So these numbers are slightly outdated and are generally lower than what you would pay if you bought the house. The most accurate way to estimate taxes is to actually do the math yourself (or ask your real estate agent to do it for you). And, always keep in mind that the numbers you get in any estimate are simply estimates. No one can say with certainty how much you will pay in taxes until you actually pay taxes on your new home for the first time. But, it’s important to get these estimates so that you can have a good idea of what you’ll be paying in taxes. This yearly expense can greatly affect the affordability of your new home.

Buyers interested in purchasing Charleston SC homes should contact their Realtor for more information about Charleston taxes! And, remember that taxes for areas closer to the coast - including Mount Pleasant SC homes - will generally be higher than taxes for areas further inland – for example, Summerville SC homes - since they’re in different counties!

Rate this Article:

0 / 5 stars - 0 vote(s)

Re-Publish

Article Source: http://www.articlesbase.com/real-estate-articles/charleston-sc-property-taxes-501138.html

Article Tags: Taxes, South Carolina, Charleston, Property Taxes, Taxing, Charleston Sc

Related Videos
Related Articles
Ask / Related Q&A

Play

How to Understand Property Taxes

Play

Loss Mitigation Plan Tax Consequences

Play

Estate Planning Failure

Play

How to Claim Charitable Contributions of Cash or Property as a Deduction

Play

Inherited Property

Latest Real Estate Articles
More from Lee Keadle

What are the Benefits of Owning a Second Home?

By: Sonia | 10/12/2009
Planning to buy a second home as a vacation home or rental property is a good real estate investment. It is not just an investment for the years to come, but also a way of earning extra money while you are continuing to pay your mortgage.

Commercial Real Estate-Ethics and Industry Practices in Real Estate

By: gagan | 10/12/2009
Movement facts can be operating. For about $50, anybody can buy ‘traffic’ administer to any site. The way the present ‘traffic’ is bringing about is the difficult. The best part is system bring about across, or conducted over MLM /porn/music sites. In either issue, your site will join visits but no matter will forever be bring about.

Commercial Real Estate-Real Estate Related Products and Services

By: hardeepsingh | 10/12/2009
The other plan apply is submit on common real estate phrases on the chief pay-for-click search engine plans. The difficult at this time is that this ‘sponsored’ publicity has to be characterizing from the actual or ‘organic’ decision. Once upon a time payments bound on the price are arrived, or the submit encode is achieve, the status clear.

Risks of Real Estate Auctions

By: Marikor Hidalgo | 10/12/2009
If you are looking into purchasing a property, you are faced with numerous options. If you are inclined to buying a relatively cheaper house, a real estate auction is one venue you can pick a quality property. But before jumping into an auction near your area, be sure you are prepared for the risks involved.

Avoiding the Financial Pitfalls of Buying Fort Lauderdale Foreclosures

By: Mark Ferrer | 09/12/2009
Some of the things that make an area considered a buyer’s market are the distressed homes. Affordability aside, Fort Lauderdale foreclosures certainly affect the value of other homes in the city. Fortunately, they are also the reason why investors and others are coming out of the woodwork to test out the city’s housing market. This certainly brings hope, not only to the owners of these foreclosures, but to the entire city as well. And if you're one of the people searching for an affordable prope

Make Yourself Attractive to Cinch the Loan You Need for Your Aventura Real Estate Home

By: Mark Ferrer | 09/12/2009
Two out of five borrowers often don’t get approved for a mortgage; first, because of the stricter qualifications, and second, because there is simply less mortgage to go around. If you need the financing for your Aventura real estate purchase, you have to be willing to do everything you can to make your application and yourself attractive to lenders, before you find yourself on the grim end of the statistics.

Top 7 Mistakes of a First Time Home Buyer

By: Jamie Mades | 09/12/2009
Not hiring a Realtor or Real Estate agent with experience and good standing is one of the biggest mistakes that you could possibly make while being a first time home buyer. Some people would try and urge a first time home buyer to skip a Realtor and “do it yourself”.

Now you can make Safe, Secure investments and still earn HIGH, guaranteed returns for your 401K account

By: Earl Hider | 09/12/2009
As Warren Buffet likes to say, buy while the blood runs in the streets. That's what we do with residential real estate and now is the time for you to get top dollar guaranteed returns for your 401K. But you don't own the property, you own the mortgage. And if you are not as stupid as the commercial banks that got caught with their pants down last year, you can have a very secure investment.

Golf Communities in Summerville, South Carolina

By: Lee Keadle | 01/12/2009 | Real Estate
Many buyers interested in Summerville, SC real estate want to live either on a golf course or in a golfing community. This article discusses the three golf communities in Summerville.

Wando High School in Mount Pleasant, SC

By: Lee Keadle | 01/12/2009 | Real Estate
Wando is the only public high school in Mount Pleasant, SC. This article is divided into three sections so that you can learn more about Wando High School’s academic achievements, its wide range of after school activities, and its fantastic athletic program.

New Tax Credit for Current Home Owners: Great News for Charleston, SC!

By: Lee Keadle | 01/12/2009 | Real Estate
Although most of the real estate news seems to focus on the First Time Home Buyer Tax Credit, there has also been a new tax credit that will be signed in that is geared to help existing home owners. In this article, I have included eligibility details for this $6,500 Move–Up/Repeat Home Buyer Tax Credit.

First Time Home Buyer Tax Credit Extension: More Fuel for the Charleston, SC Market

By: Lee Keadle | 16/11/2009 | Real Estate
We’ve had great news in the housing market this past week! The $8,000 First Time Home Buyer Tax Credit will be extended through April 30, 2010. This extension is good news especially for first time home buyers taking advantage of the credit. This article includes more details about qualification.

Public Schools in Mount Pleasant SC: A Driving Force in Home Prices

By: Lee Keadle | 16/11/2009 | Real Estate
Mount Pleasant, South Carolina has the best public schools in all of Charleston. Because Mount Pleasant has only one high school, I’ve included in this article more specific information for the elementary and middle schools so that you can keep it in mind when comparing homes.

Mount Pleasant SC Golfing Communities

By: Lee Keadle | 16/11/2009 | Real Estate
With four golfing communities, Mount Pleasant SC boasts some of the best (and most popular) golf courses in Charleston. I have included in this article information about Dunes West, Rivertowne Country Club, Charleston National, and Snee Farm.

Home Value Factors for the Summerville, SC Real Estate Market

By: Lee Keadle | 19/10/2009 | Real Estate
If you’re considering buying a home in Summerville, SC, be sure to keep in mind resale value down the road. With the steadily increasing demand from home buyers, the house you purchase may very well be one of the most important investments you’ll ever make.

Summerville, SC Neighborhoods in the $200-300K Price Range

By: Lee Keadle | 19/10/2009 | Real Estate
The $200-300K price range is ideal for the Summerville, SC real estate market. Because of Summerville’s relative affordability, buyers can find the home of their dreams in this price range. These 5 neighborhoods will be great places to see this first hand to show how much home you can get for the money.