Kathy@TeamRukat.com
    (843) 267-2710

Kathy Rukat Smith, REALTORⓇ

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Murrells Inlet SC Property Taxes

Last Updated on March 27, 2021 by Kathy Rukat Smith

Murrells Inlet SC Property Taxes

 

Types of Property Taxes

In SC, we have two tax rates for property taxes. The 4% rate for primary residents and the 6% rate for second homes and investment properties. When you close on a property, you will automatically be charged the 6% rate. You need to apply for the 4% rate, and I can give you information on how to apply for the 4% rate after you close. Also, after you are 65 years old and have lived in the home for 1 year, you can apply for the Homestead exemption. For property tax purposes, the tax office will reduce the taxable value of your home by $50,000.

Property tax example

Let’s look at an example. Keep in mind these numbers are estimates only and your taxes will vary by where you purchase and the different millage rates. For our example, you are purchasing a $300,000 home in the Horry County section of Murrells Inlet.

  • If you purchased that property for a primary residence, the yearly taxes are just over $1000.00.
  • If you purchased that property for a second home or investment property, the yearly taxes are just over $2400.00.
  • If you are living in the home as a primary residence, are 65 years old or older and have lived in the home for 1 year, you can apply for the homestead exemption. Your yearly taxes are just over $800.

If you are moving from the northeast or midwest, you will notice our taxes are likely much lower than what you are paying now.

As always, contact me if you are interested in buying or selling in Murrells Inlet or the surrounding area or if you are interested in learning more about living at the beach. Have a great day!

Posted in: Buyers, Home Buying Process, Thursday Tidbits, Thursday Tidbits 2021

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About

Kathy Rukat Smith with Palmetto Coastal Homes serves all the areas of the Grand Strand.

  • North Myrtle Beach
  • Myrtle Beach
  • Surfside Beach
  • Garden City Beach
  • Murrells Inlet
  • Litchfield Beach
  • Pawleys Island
  • Carolina Forest
  • Conway

 

Kathy Rukat Smith is a resident of Murrells Inlet and loves everything living at the beach has to offer. She has been selling real estate since 2004.

Kathy uses her local real estate knowledge, technical skills, local connections and strong internet presence to exceed your exceptions and help you succeed in the fast-paced Myrtle Beach real estate market.

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Kathy Rukat Smith with

Palmetto Coastal Homes

4214 Mayfair Street, Suite F, Myrtle Beach, SC 29577

(843) 267-2710
Kathy@TeamRukat.com
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