Richland County SC Property Taxes

[Bryen Blankenship]

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

[Adam Odom]

@Bryen Blankenship my big question is where is this? Duplex only for close to half million will not be easy to cash flow especially when taxes adjust after sale. Columbia isnt a high rent town.