Food for thought.
I looked at buying a home in South Carolina, before I bought in TV.
The house was about $450,000.
As a "resident" of South Carolina, the real estate taxes would have been about $1800.
As a "Non-Resident" of South Carolina, the real estate taxes would have been about $4500.
(It was a few years ago, I might be a little off on the numbers.)
If you're a Resident of South Carolina in an owner-occupied home, you do not pay any school system operating costs and you're generally entitled to a 2% credit on your Real Estate Assessment. (4% vs 6% valuation).
Commercial properties and investment properties, carry the majority of the tax burden.
So a major change in Real Estate taxation, may not be as far-fetched as folks are posting.
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