Richland County SC Property Taxes
I'm looking to purchase a duplex in Columbia, but I'm concerned about the property taxes. Are the properties taxes based solely on the sale price?
Here are the numbers:
Sale Price $435,000
2019 Property Taxes $5108.42
Below is the county breakdown.
| Taxable Value | $172,400.00 | |
| Homestead (if applicable) | - | $0.00 |
| Net Taxable Value | $172,400.00 | |
| Assessment Ratio | X | 0.06 |
| Total Assessment | $10,340.00 | |
| Millage Rate | X | 0.5514 |
| Estimate Before Sales Tax Credit | $5,701.48 | |
| Local Option Sales Tax Credit | - | $593.06 |
| Estimated Tax* | $5,108.42 |
Estimated 2020 Tax
| Taxable Value | $435000 | |
| Homestead (if applicable) | - | $0.00 |
| Net Taxable Value | $435000 | |
| Assessment Ratio | X | 0.06 |
| Total Assessment | $26280 | |
| Millage Rate | X | 0.5514 |
| Estimate Before Sales Tax Credit | $14490.79 | |
| Local Option Sales Tax Credit | - | $593.06 |
| Estimated Tax* | $13897.73 |