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If you had $3800 per year property tax in Columbia you must own a $600,000+ value home. If your mortgage payment went up that much, it was for other reasons in addition to the property tax. With just the increase in property tax that was stated, your payment would only go up $833.33 per month. If it did, you would also have many changes in your income tax return due to the rental property.
If you had $3800 per year property tax in Columbia you must own a $600,000+ value home. If your mortgage payment went up that much, it was for other reasons in addition to the property tax. With just the increase in property tax that was stated, your payment would only go up $833.33 per month. If it did, you would also have many changes in your income tax return due to the rental property.
You are wrong. My neighbor's home just sold for $225,000 this past spring and the property taxes were $9000 because they had been transferred and could no longer reside in the house. It has nothing to do with being a rental either. My taxes went up to just over $6000 when we were transferred and my house is worth around $195,000. Richland County has forced many people into foreclosure with the way they have implemented the state law. People who are not in this situation don't believe the taxes could possibly go up this much. Mine are back down to $1500 now that I'm back in Columbia. We need to get the law fixed but obviously they can't even pass a roads bill so there's not much hope.
You are wrong. My neighbor's home just sold for $225,000 this past spring and the property taxes were $9000 because they had been transferred and could no longer reside in the house. It has nothing to do with being a rental either. My taxes went up to just over $6000 when we were transferred and my house is worth around $195,000. Richland County has forced many people into foreclosure with the way they have implemented the state law. People who are not in this situation don't believe the taxes could possibly go up this much. Mine are back down to $1500 now that I'm back in Columbia. We need to get the law fixed but obviously they can't even pass a roads bill so there's not much hope.
If they didn't live in the house it's non-owner occupied whether it's a rental or not. The taxes are the same. If the taxes were $3800 when they lived in the house it was in the $600K+ value range.
@waccamat. No this actually does make sense as it takes a year or so for county to clue in to fact that it's no longer owner occupied before jacking up taxes.
But yes if taxes were 3800 when they lived there home likely assessed at higher value originally though not quite 600. Also he's also right re 225k unoccupied home with unoccupied tax bill of 9k I've seen that situation multiple times
I know the assessment on my house is three times what it was when I lived in it.
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