The Coming Property Tax Shock in the U.S. – South Carolina Looks Better Every Day
Having moved here from Minnesota about 3 years ago, we continue to be amazed at the low property tax rates we pay in South Carolina compared to what we faced there. I still think we pay too much as I’m sure many homeowners do too. If we really are to have ownership of property, we should have zero property tax but that’s for another day. For now in America, everyone pays property tax. This is an insightful video as to what’s going on with property taxes and where is the pain going to be most acute. The good news for us in South Carolina is that we are on the low end of property taxes. It might mean more and more people continue to seek out a home in South Carolina though.
Based upon this video and what we are seeing with home prices, inflation and interest rate hikes, I think the real pain will be felt in 2023.
About The Author
John Murphy
Husband of 36 years to my college sweetheart, Janet Murphy (@janetmurphydesign on Instagram). Together we have 6 wonderful children from ages 18-34 and 6 grandchildren. My main work is helping commercial building owners and real estate investors save money on their income taxes by doing cost segregation. I work all over the U.S. but have a lot of clients here in SC and in the southeast in particular. The firm I represent is CSSI, LLC. I love the work! I’ve also been a licensed REALTOR since 2003 and broker since 2007 but my work is limited to just a few clients each year. We relocated to Greenville, SC for the lifestyle, lower cost of living, amazing amenities in the area and the growth opportunity for business and real estate. We absolutely love it here!
All opinions are expressly my own and do not represent either CSSI, LLC or eXp Realty LLC or any other company, organization or group that I might be affiliated with.