North/South Carolina rental unit income tax implications.

[Al Brennan]

Hi folks,

I was looking at a condo in South Carolina tonight with my realtor when she told me that it probably wasn`t worth my while financially to buy a S.C. property to rent out while I live in N.C. because the tax I would have to pay would be very high.

Does anyone have experience of this?

Thanks,

Al.

[Mike Hill]

She might referencing that in South Carolina, if the residence isn't your primary residence, you're property tax assessment rate will be 6% instead of 4%.