Does Anyone Know Anything About South Carolina Personal Property Tax Returns

Tax, SDIRAs & Cost Segregation
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Does Anyone Know Anything About South Carolina Personal Property Tax Returns

Paulette Midgette
Investor · Philadelphia, PA · Member since 2014 · 344 posts · 276 votes

I live in Pennsylvania and purchased a STR in Myrtle Beach Area this past fall. I recently received a personal property tax return. Yes, there are instructions on how to complete the form. However, there is information requested on the form that is not in the instructions. I have some basic term clarification and logistical questions. Yes, I contacted a number of tax preparers in the area and well as an account. I was told, they don't handle this return.

Is there anyone in SC  or invest there that can answers a few questions for me?

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Myrtle Mike ThompsonBusiness Member
Realtor · Myrtle Beach, SC · Member since 2016 · 352 posts · 204 votes
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@Paulette Midgette that form is super confusing. You basically need to assign a value to all of the personal property (furniture, appliances, TVs, kitchen supplies, etc) inside the STR and they'll send you a tax bill based on the total. Start with the most expensive items and think about how much you might sell them for on FB Marketplace. Add it all up. Average tax bill for a 1-bed condo is probably around $50-$100/year. Higher for bigger properties. For specific questions contact the Horry County Tax Assessor's office, 843-915-5040. They almost never answer but if you leave a message with your contact info and property ID number (located on the form) they will call you back. Don't be surprised if it takes a week, but they've always called me back :)

[email protected]843-999-2301
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  • Myrtle Mike ThompsonBusiness Member
    Realtor · Myrtle Beach, SC · Member since 2016 · 352 posts · 204 votes
    2y

    @Paulette Midgette that form is super confusing. You basically need to assign a value to all of the personal property (furniture, appliances, TVs, kitchen supplies, etc) inside the STR and they'll send you a tax bill based on the total. Start with the most expensive items and think about how much you might sell them for on FB Marketplace. Add it all up. Average tax bill for a 1-bed condo is probably around $50-$100/year. Higher for bigger properties. For specific questions contact the Horry County Tax Assessor's office, 843-915-5040. They almost never answer but if you leave a message with your contact info and property ID number (located on the form) they will call you back. Don't be surprised if it takes a week, but they've always called me back :)

    [email protected]843-999-2301
    Myrtle Mike Real Estate581 Reviews
    WebsiteView Page
    1Reply
  • Paulette Midgette
    Member since 2023 · 1 post · 1 vote
    2y

    Myrtle Mike you are the absolute BEST!  Out of about 10 answers I received yours is the only one that gave clear and concise information.  Much appreciated!

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  • Jeff EbertPro Member
    Member since 2023 · 54 posts · 20 votes
    2y
    Quote from @Paulette Midgette:

    Myrtle Mike you are the absolute BEST!  Out of about 10 answers I received yours is the only one that gave clear and concise information.  Much appreciated!


     Yes!  Thank you both as I was following and couldn't figure it out either!

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