How is real estate taxed in South Carolina? How is real estate taxed in South Carolina? The State of South Carolina taxes real estate, including the improvements thereon, based upon the fair market value of the property. Each county is responsible for determining the fair market... MORE What type of real property is eligible for a reduction in the assessment rate and/or assessed value? What type of real property is eligible for a reduction in the assessment rate and/or assessed value? The primary types of reductions are: (1) reduced assessment rate for one primary residence; (2) reduction of assessed value for homestead exemption; and (3) reduced assessment rate for farmland and... MORE What constitutes a "primary residence?" What constitutes a "primary residence?" Generally speaking, a "primary residence" is a person's fixed and permanent home, and a person can have only one primary residence. Evidence of whether property is being used as the... MORE Can I obtain the primary residence assessment rate if I own a life estate in my home? Can I obtain the primary residence assessment rate if I own a life estate in my home? Yes. A primary residence will qualify for the special assessment rate if the person owns a life estate, or the right to use the property for his or her lifetime,... MORE Can I obtain the primary residence assessment rate if a trust owns my home? Can I obtain the primary residence assessment rate if a trust owns my home? Yes. A primary residence owned or titled in a trust will qualify for the special assessment rate if the income beneficiary of the trust occupies the property as his or... MORE Can I obtain the primary residence assessment if I lease my home? Can I obtain the primary residence assessment if I lease my home? No. Leased property cannot qualify as a primary residence for property tax purposes because it is not owned by the occupant. Likewise, property leased with an option to purchase does... MORE How can I apply for a special assessment rate or for a reduction in the assessed value of my property? How can I apply for a special assessment rate or for a reduction in the assessed value of my property? You should contact the Assessor?s Office for the county in which your property is located. They can provide you with the necessary forms. In Horry County, the Assessor?s Office is... MORE When are real estate property tax bills issued? When are real estate property tax bills issued? Property tax bills are issued by the county in which the property is located, usually in October of the current calendar year.  In South Carolina, property taxes are paid in arrears,... MORE When are property taxes due? When are property taxes due? Payment is due no later than January 15th of the calendar following the year in which the bill is issued. For income tax purposes, however, most owners pay their tax... MORE

Real Estate

The purchase, refinance, or sale of a primary residence, vacation home, business, or land is an extremely important transaction. The Stanley Law Firm is fully staffed for all of your real estate needs. We pride ourselves on fast and accurate real estate closings with competitive fees. We also work closely with banks and mortgage companies for purchases, refinances, and equity loans.