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09-04-2007, 11:31 AM
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Member
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Join Date: Aug 2007
16 posts, read 12,233 times
Reputation: 11
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Help estimating property taxes in Fort Mill
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!
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09-04-2007, 11:52 AM
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Senior Member
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Join Date: May 2007
Location: Fort Mill, SC (Charlotte 'burb)
4,736 posts, read 4,936,134 times
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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
Last edited by Yac; 12-11-2007 at 02:03 AM..
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09-04-2007, 08:28 PM
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Member
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Join Date: Aug 2007
16 posts, read 12,233 times
Reputation: 11
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Thank you so much for the great information and for taking the time to respond! Appreciate your help very much.  |
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09-04-2007, 09:15 PM
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Senior Member
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Join Date: Jun 2007
245 posts, read 218,811 times
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I am so glad to hear this...this sealed the deal for my family! FTML here we come!
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09-04-2007, 09:56 PM
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Ex-Senior Member (it's been real!)
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Join Date: Apr 2006
Location: just a tad over the stateline
2,001 posts, read 2,277,464 times
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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?
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09-06-2007, 10:07 AM
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Senior Member
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Join Date: Apr 2007
251 posts, read 297,525 times
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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....
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09-06-2007, 10:21 AM
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Senior Member
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Join Date: May 2007
Location: Fort Mill, SC (Charlotte 'burb)
4,736 posts, read 4,936,134 times
Reputation: 634
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Quote:
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....
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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. |
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