Horry County property taxes are an essential part of local government funding, but they can also be a significant expense for homeowners and businesses. This guide will provide you with all the information you need to understand Horry County property taxes, including rates, exemptions, deductions, and the assessment process.
This comprehensive guide will provide you with all the information you need to understand Horry County property taxes, including rates, exemptions, deductions, and the assessment process. By understanding your property tax obligations, you can ensure that you are paying the correct amount of taxes and taking advantage of all available deductions and exemptions.
Horry County Property Tax Rates
Property tax rates in Horry County are determined by the Horry County Council. The current property tax rates for different property types are as follows:
| Property Type | Tax Rate (mils per $100 of assessed value) |
|---|---|
| Residential | 105 |
| Commercial | 110 |
| Vacant Land | 50 |
The millage rate is the amount of tax levied per $1,000 of assessed property value. For example, if your property is assessed at $100,000, you would pay $1,050 in property taxes if it is residential property.
Property Tax Exemptions and Deductions, Horry county property taxes
Horry County offers a number of property tax exemptions and deductions to eligible property owners. These include:
- Homestead exemption: This exemption reduces the assessed value of your primary residence by $50,000.
- Senior citizen exemption: This exemption is available to homeowners who are 65 years of age or older and meet certain income requirements.
- Disabled veteran exemption: This exemption is available to disabled veterans who meet certain criteria.
To apply for a property tax exemption or deduction, you must complete an application and submit it to the Horry County Assessor’s Office.
Property Tax Assessment Process
The Horry County Assessor’s Office is responsible for assessing the value of all property in Horry County. The assessment process involves:
- Gathering data on the property, such as its size, location, and condition.
- Comparing the property to similar properties in the area.
- Determining the property’s value based on the data collected.
Property owners can challenge their property assessment if they believe it is inaccurate.
Property Tax Payment Options
Horry County property taxes can be paid online, by mail, or in person at the Horry County Treasurer’s Office. The following payment options are available:
- Online payments: You can pay your property taxes online using a credit card or debit card.
- Mail payments: You can mail your property tax payment to the Horry County Treasurer’s Office.
- In-person payments: You can pay your property taxes in person at the Horry County Treasurer’s Office.
There is a late payment penalty of 10% per month for property taxes that are not paid by the due date.
Property Tax Delinquencies
If you fail to pay your Horry County property taxes on time, your property may become delinquent. Delinquent properties are subject to a number of penalties, including:
- Late payment penalties
- Interest charges
- Foreclosure
To redeem a delinquent property, you must pay all of the back taxes, penalties, and interest.
Property Tax Appeals
If you believe that your Horry County property assessment is inaccurate, you can appeal it. The appeals process involves:
- Filing a petition with the Horry County Board of Equalization.
- Submitting evidence to support your claim.
- Attending a hearing before the Board of Equalization.
The Board of Equalization will make a decision on your appeal based on the evidence presented.
Property Tax Resources
The following resources can provide you with more information about Horry County property taxes:
- Horry County Assessor’s Office website: https://www.horrycounty.org/departments/assessor
- Horry County Treasurer’s Office website: https://www.horrycounty.org/departments/treasurer
- Local tax preparation services
Last Point: Horry County Property Taxes
We hope this guide has been helpful in providing you with a better understanding of Horry County property taxes. By understanding your property tax obligations, you can ensure that you are paying the correct amount of taxes and taking advantage of all available deductions and exemptions.
If you have any further questions, please do not hesitate to contact the Horry County Assessor’s Office.
If you’re considering purchasing property in Horry County, it’s crucial to understand the concept of “pending” in real estate. Pending status indicates that a buyer has made an offer on a property, which has been accepted by the seller. During this time, the property is typically removed from the market while inspections, appraisals, and other contingencies are being completed.
Once these steps are finalized, the sale can proceed to closing. Understanding this process is essential for navigating the Horry County property tax system and ensuring a smooth transaction.
FAQ Compilation
What are the current Horry County property tax rates?
The current Horry County property tax rates are as follows:
- Residential property: 4.0%
- Commercial property: 6.0%
- Vacant land: 4.0%
How can I apply for a property tax exemption or deduction?
To apply for a property tax exemption or deduction, you must submit an application to the Horry County Assessor’s Office. The application forms are available on the Assessor’s Office website or at the office in person. You must provide documentation to support your claim for exemption or deduction.
What is the process for appealing a Horry County property tax assessment?
If you believe that your Horry County property tax assessment is incorrect, you can appeal the assessment. The appeal process is Artikeld on the Assessor’s Office website. You must file your appeal within 30 days of receiving your tax bill.
