Owner occupied property is taxed at 4% of assessed value, investment property is taxed at 6% of assessed value
After age 65 there is a $50,000 Homestead exemption.
What can you expect in tax assessments in Tega Cay?
Based on 2012 millage rates on a house assessment of $100,000.00 (x either 4% or 6%):
|Tega Cay owner occupied:||$4000||x||.218.5||=||$ 874.00 yearly||$72.83 monthly|
|Tega Cay non-owner occupied:||$6000||x||.397.4||=||$ 2,384.40 yearly||$198.70 monthly|
|Please see bottom of page for link to more tax info|
Personal Property Tax
From the YorkCountyGov.com Website:
How do I figure out how much my taxes will be on a new vehicle I am purchasing?
We have a manual provided to us by the Department of Revenue that shows the value of all vehicles. We can give you an estimate from our manual by phone, fax or e-mail. If you want to figure an estimated amount yourself, take the market value (before any rebates, allowances or trade ins) and multiply that by 7.50% if the vehicle will be in your personal name or 10.50% if the vehicle will be in a business name. After you have done that, you will multiply your answer by the tax rate of the district you live in. We can give you the tax rate if you tell us what your address is or you can find it on any of your tax bills for the current year. If you need an exact amount, you will need to fax, e-mail or come in and bring a title or bill of sale.
i.e. for Tega Cay: If the vehicle assessment is $15,000 x 7.5% = $1125 of assessed value x .397.5 (2012) millage rate = $447.08 tax bill.
Information is deemed reliable but not guaranteed. For specific questions or to verify exact tax rates, please contact the South Carolina Department of Revenue at www.sctax.org.