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Charleston Real Estate Taxes
By Lee Keadle of Carolina One Real Estate
We get a lot of questions about real estate taxes in Charleston, so I wanted to just talk briefly about taxes. As a general rule of thumb, you can expect to pay about $750 in taxes for every $100,000 of the purchase price of the home. So, for example, you can estimate paying about $2,250 every year in taxes for a house that you paid $300,000 for. This is, of course, simply an estimate – but buyers generally find it pretty helpful. Also, taxes are generally a little less for Berkeley County real estate and Dorchester County real estate compared to real estate in Charleston County.
Buyers often ask what the current taxes are for a home. Although it’s possible for us to look up what the current owner paid last year in taxes, this is not a very accurate estimate for taxes. The current owner’s tax amount is generally based off a much lower home price than the price that would be used for you, the new owner. So, you would pay a good bit more in taxes than the current owner paid in the past year. A more accurate estimate for Charleston taxes would be the general rule I just mentioned above.
This intel first appeared on: http://www.searchforcharlestonrealestate.com/blog/lee-keadle/charle...
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This intel was contributed by lkeadle
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May, 2012
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