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Old 01-22-2012, 07:48 AM
 
119 posts, read 263,618 times
Reputation: 56

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Hello,

I'm interested in homes in Shandon and some areas of Rosewood. I went to Richlandonline.com to try to figure out an estimate.

I looked up for a house costing around $200,000 that property tax estimate is $5,569. Is that correct? It states that it's not including the trash pickup.

Just wondering if I did this correct. Thanks
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Old 01-22-2012, 09:13 AM
 
119 posts, read 263,618 times
Reputation: 56
I think I'm realizing that I may have calculated wrong. So, if I live there, does it get multiplied by .04? If it's rental, then is it .06?
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Old 01-22-2012, 09:25 AM
 
119 posts, read 263,618 times
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Also, I'm seeing the millage rate drop from .4931 to .2564 when I switch to legal residence on the estimator.

So, for a $200,000 home, property tax is over $5,000 for a rental, but if you live there, then property tax is round $2,000?
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Old 01-22-2012, 01:15 PM
 
Location: Columbia, SC
6,830 posts, read 16,563,706 times
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Quote:
Originally Posted by Bummbull View Post
Hello,

I'm interested in homes in Shandon and some areas of Rosewood. I went to Richlandonline.com to try to figure out an estimate.

I looked up for a house costing around $200,000 that property tax estimate is $5,569. Is that correct? It states that it's not including the trash pickup.

Just wondering if I did this correct. Thanks
That is way, way off - it would be more like $1500 - $2000 or so.
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Old 01-22-2012, 03:17 PM
 
119 posts, read 263,618 times
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Quote:
Originally Posted by waccamatt View Post
That is way, way off - it would be more like $1500 - $2000 or so.
Yea, I think i figured that. Did you see my other posts? Would it be more like $5,000 if it's rental? Since you have to multiply by .06 instead of .04 and the millage rate is higher for a rental.
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Old 01-22-2012, 04:52 PM
 
Location: Columbia, SC
6,830 posts, read 16,563,706 times
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Quote:
Originally Posted by Bummbull View Post
Yea, I think i figured that. Did you see my other posts? Would it be more like $5,000 if it's rental? Since you have to multiply by .06 instead of .04 and the millage rate is higher for a rental.
I did - it wouldn't be $5000 even if it was a rental. The rental rate would be the ownership rate times 1.5.
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Old 01-22-2012, 05:17 PM
 
119 posts, read 263,618 times
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when I went to Richlandonline.com, when i chose as not legal resident, it came up as multiplying by .06 and then multiplying by millage rate of .4931. That comes up as $5,917.20. Then, it subtracted some other stuff to total $5,569. Again, this is for rental.
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Old 01-23-2012, 12:10 AM
 
Location: Columbia, SC
6,830 posts, read 16,563,706 times
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Quote:
Originally Posted by Bummbull View Post
when I went to Richlandonline.com, when i chose as not legal resident, it came up as multiplying by .06 and then multiplying by millage rate of .4931. That comes up as $5,917.20. Then, it subtracted some other stuff to total $5,569. Again, this is for rental.
That sounds awfully high, but I don't know a lot about rental property.

Edit: I looked mine up and if my home were rental property the taxes would be about triple as they are on an owner-occupied residence so the $5569 may be right. If it's in the city limits then you don't have to add for solid waste pickup. That said, a $200,000 home would be unusually expensive for rental property.
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Old 01-23-2012, 08:51 AM
 
119 posts, read 263,618 times
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yea, it does seem super high. Yea, I wouldn't buy a $200,000 as a rental property unless it's multiple units.
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Old 01-23-2012, 01:28 PM
 
Location: Columbia, SC
10,965 posts, read 21,983,290 times
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If you live there it's .04 x millage rate (.06 otherwise). General rule of thumb around town is 200k should be around 1500-2000. In rural areas maybe half that. You can look at the previous years taxes online for Richland and Lexington Co as well.
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