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As Ben Franklin said "in this world nothing is certain but death and taxes". Property taxes are calculated differently in every city of the United States and it's almost immpossible to know all of the property tax laws. So here is a little help from your local real estate expert to get you started. As always, feel free to call with any questions or if there are some properties you would like to see.
City and county property taxes on real estate are taxed at the rate of 4% on primary residences, 6% on secondary residences. Each mill represents $1 in taxation per every $1,000 of a property's assessment. Property owners in Horry and Georgetown counties will pay tax based on the county millage rate, while those who own property in incorporated communities may pay tax based both on the county millage rate and the municipal millage rate charged to maintain city services.
The following is an example of the taxes on a $100,000 primary home in Surfside Beach:
$100,000 x 4% = $4,000
$4,000 x .1758 = $703.20 (Horry County)
$4,000 x .0412 = $242 (City Tax)
Total Tax = $945.20
Horry County and Cities Millage Rates:
Georgetown County Districts and Millage rates
**Rates subject to change.
Districts 1,2,3 .2217 - Districts 4,42 .2197 - Districts 41 .2099 - Districts 5 .2901 - Districts 6 .3150
**millage rates may be subject to change
Horry County .1758 - Atlantic Beach .1138 - Aynor .1138 - Briarcliff Acres .0625 - Conway .1205 - Myrtle Beach .0687 - N.Myrtle Beach .0412 - Surfside Beach .0605 **millage rates may be subject to change
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