Today I received a Call to Action e-mail that was sent to all
Realtors around the state. I have posted this e-mail below because it
not only affect Realtors, but virtually every single person in the
Palmetto State. If you own, plan to buy, or plan to sell property in
the state of South Carolina this affects you in a dramatic way. If you
don't know what the Point of Sale real estate
tax is, you should. Below are some facts taken directly for the SC
Realtors website. Keep reading to learn more.
From the SC Realtors Website on "Point of Sale":
In 2006, the General Assembly enacted property tax reform that provided for point of sale property tax assessment. Regrettably, this has created serious inequities in the real estate market.
Point of sale
…
Having a tough time paying those large property tax bills all at once? Beaufort County has initiated a relief program to help residential and commercial property owners. The program allows property owners to divide their 2008 real property taxes into 5 separate installments. Applications for the program were mailed along with tax notices last month. An online version of the installment application can be found on the Beaufort County Website. Owners must apply for the program to see if they are eligible