I own 6 duplexes - class C properties (12 units in total). I recently received a tax bill for one of the duplexes for $2500 and the other 5 duplexes for $11,000. Each duplex is probably only worth about $70,000. I’m confused as to why the tax rate seems so high for these classes C properties in this rural community. Do I have a case for an appeal or is this how taxes are calculated in less dense areas? Zip is 29706. Thanks.
Rental Property Investor · Cleveland, OH · Member since 2019 · 67 posts · 37 votes
6y
@Russell Buxton
Hey Russell, seek out a local Tax Attorney. They specialize in this stuff and can tell you pretty quick if you have a case and can appeal it or not. Especially since each county could be different in the details.
I own 6 duplexes - class C properties (12 units in total). I recently received a tax bill for one of the duplexes for $2500 and the other 5 duplexes for $11,000. Each duplex is probably only worth about $70,000. I’m confused as to why the tax rate seems so high for these classes C properties in this rural community. Do I have a case for an appeal or is this how taxes are calculated in less dense areas? Zip is 29706. Thanks.
Russell, I hope all is well. I live in Charlotte NC.
South Carolina has a tax rate of 6% for an investment property anywhere and is always recalculated when you purchased it. If you think it's too high I would try to appeal it with an attorney.