Category: Taxes

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.