What is the Property Tax on vehicles based on? (Summerville: school district, calculator)

[Steve40th]

I plan on retiring in SC, Summerville area. I need to know what the property taxes would be on a sports car, Corvette about 2-5 years old?
What do they base it on? Value, Age etc etc.

[GoCubs]

Yes, both value and age. The newer and more expensive the vehicle the greater the tax. When your car is 15yrs old, there is no tax. I had a BMW about 10 yrs old and paid about $360.00/yr. All things considered, SC is real easy on retired folks relative to taxes.

[Steve40th]

Originally Posted by GoCubs

Yes, both value and age. The newer and more expensive the vehicle the greater the tax. When your car is 15yrs old, there is no tax. I had a BMW about 10 yrs old and paid about $360.00/yr. All things considered, SC is real easy on retired folks relative to taxes.

Thanks, I guess I need to just keep my old 93 Corvette

[Rapture]

They also asked us how many miles on our vehicles, so I guess that has something to do with it.

[mpaquette]

From my understanding (I'm new to SC) it's based on the fair market value of the vehicle and there is a high mileage deduction if you qualify. Not sure what is considered high mileage. I do the tax rate varies by county and possibly even school district. Most county websites have information regarding the tax rate and some even have a calculator.