Have a Tax Question? Ask a Tax Expert
Thank you for your question.
There are a number of things most likely going on. I am unabel togive you a thourgh determination, since I am not the prpoperty tax assesor, and do not know what he or she is thinking.
But lets look at how the SC property tax law treats these kinds of property. What first comes to mind is the so called 100,000 dollar exemption.
100,000 exemption: SC allows, automatically, a 100,000 dollar exemption from property tax for your primary home. When you convert a primary home to rental use, you lose that exemption. The exemption does not apply to vacation homes, second homes, or rental property.
How the property is assesed will be based on it statuts at anytime during the year; so we could expect that the state would reassess or adjuste your assessment without the 100,000 exemption. This could be expected to raise your tax by the millage rate at least by the 100,000.
In addition, the assesmetn on rental property includes what the property is expected to bring in on revenues for the year.
Try this out and see if it fits. If not, lets look deeper.
I would need to know the actual appraised value of the property (assesed value) at least from your last property tax and realestate property tax bills.
I would also need to know what items were included in your property tax bills in question.
I apologize but your photos did not show up.
The 100,000 was to have been automaticaly included; but if this home in SC was not your primary residence, then you are correct, you would have not received it.
This means they have assesed you on the property as a rental based on projected earnings.
But, as you said, you have a high occupancy rate.
So you can appeal the assesment. The success rate of such appeals is in the range of 30 to 35 percent.
NOTE: To attach tax bills you need to scan them as JPG images first and then upload them.
Sorry I can't seem to get the documents attached to this page, because of the size restrictions. Anyway, I wanted to originally know why I was being taxed for the same things on the two seperate bills, and I am unable to show you what I mean so this really has not helped me. Thankyou anyway,XXX@XXXXXX.XXX
I see this question has closed. But we should still be able to have followup. If you can provide me a seperately itemized summary of the two bills; and if you can provide me the address of the property, I may still be able to help you. You will have to reopen the question for us to finish this up.
I examined the bills, and I talked to the assesor regardilng your property. Your first instincts were correct. This is two property tax bills for the same property and elements.
I was assured by the assesor that this is the practice by S.C. Law that the larger bill is for the property, land and building based on residential assesment rules.
AND that the second lesser bill is for the builidng only as a rental unit, based on projected income.
The assesor's office stated that the second bill, comes from the auditor's office, and that they would assume a property is a rental if it is not owner occupied.
You can appeal this and work out a solution by contacting the auditor at(NNN) NNN-NNNN/p>