Help estimating property taxes in Fort Mill (Columbia: new home, construction)

[househunter123]

I understand that the property taxes will be going down with some recent new legislation. Is this correct? If so, can anyone help us to estimate what our annual property tax bill would be on a $430,000 new home with the new change? This would be for new construction. Thanks!

[groove1]

Hard to say exactly, but here is something to get you started:

Charlotte Observer | 09/04/2007 | S.C. expects big break for homeowners



PROJECTION FOR 2008

S.C. expects big break for homeowners

Economists say sales tax shift will bring more relief than expected

JOHN O'CONNOR

The (Columbia) State

S.C. residents likely will get a larger-than-expected cut to their home's tax bill -- possibly totaling $88 million -- according to state economists.

Moderator cut: copyrights

[househunter123]

Thank you so much for the great information and for taking the time to respond! Appreciate your help very much.

[mrsjdaniels]

I am so glad to hear this...this sealed the deal for my family! FTML here we come!

[lovethecarolinas]

Alot of us that live here...are in a "Wait and See What Happens Stage"....since we aren't really sure what are property taxes will be until our actual bill is received. In addition...while lower taxes sound great...I personally would hate to see our schools (and children's education) suffer for lack of funding...which this too...is another "Wait and See What Happens" situation. I don't think any of us have a real clear picture of how this will play out?

[moedog]

Only high end homes will see a tax break. Those in the 100-150 range will stay about the same or go up a little. From what I've read tax savings on a $400,000 home will be about $900. A 100K home will go up about $27. Ok-don't get me started---very unfair....

[groove1]

Originally Posted by moedog

Only high end homes will see a tax break. Those in the 100-150 range will stay about the same or go up a little. From what I've read tax savings on a $400,000 home will be about $900. A 100K home will go up about $27. Ok-don't get me started---very unfair....

I believe what will happen is somebody in a 100-150k home would pay $27 more a year in sales tax and not see much relief from the property tax. It's all confusing right now.