How to secure a 4% property tax rate in Charleston, SC – Step by Step Guide in this new video

Charleston, SC Property Taxes: Unlocking the 4% Rate – Step-by-Step Guide!

Realtor Christina Wilson offers a wonderful video guide on how you can reduce your property tax from the 6% default to 4% in this new video.

About the Video

In Charleston, property taxes are assessed at two different rates: 4% and 6%. These rates are related to the type of property and the owner’s eligibility for certain tax exemptions. 4% Tax Rate:

▫️ This rate applies to primary residences or legal residents of South Carolina.

▫️  To qualify for the 4% rate, the property must be your legal residence and not a second home or investment property.

▫️  This lower rate is designed to provide property tax relief for homeowners who live in their properties full-time. 6% Tax Rate:

▫️ The 6% rate typically applies to secondary or non-primary residences, including vacation homes, rental properties, and commercial properties.

▫️ If the property is not your primary residence, it falls into this category and is taxed at the higher 6% rate.

*It’s important to note that property tax rates can change over time due to local government decisions and reassessments. Property owners should consult with the Charleston County Assessor’s Office or a tax professional to ensure they are correctly classified and receiving any eligible exemptions.

Additionally, tax rates can vary within the Charleston area, so it’s essential to check the specific rates for your location.