A widely discussed issue in the real estate community is the property tax debate.   Please do not stress out about this one.  It's an easy calculation and you can find the link HERE.

So what's all the fuss?  In South Carolina, non residents pay more property taxes than residents do.  Isn't this the case in most states, you ask?  Good question and you are right...it is. However, since there are so many second homes in South Carolina, the issues seems to stand out here more than other cities.

The first thing you need to do is to put it in perspective.  There's a decent chance that your current resident taxes are no higher than what your nonresident taxes will be in SC.  Moving here 9 years ago from Oakland County Michigan, I was floored at how low the taxes were in South Carolina.  

So, before you worry that the sky is falling, check the calculator.   Might be much ado about nothing.

It's a GREAT TIME TO BUY!

 

~Lorri