Primary Resident Tax & Homestead Exemption
The fall always brings new colors, pumpkins, cozy sweaters, crisp air, and if you live in South Carolina property taxes. While the county tax bills rolling out in October can be a bit scary, South Carolina does offer some property tax exemptions and special assessments that we can be thankful for this November.
First is the primary resident special assessment. If you’re primary residence is in Horry County as of January 1st of the tax year, you can be eligible for the legal resident special assessment rate which is 4% as opposed to 6%. You were probably advised of this when you purchased your property. Your tax rate will appear on your tax bill and if you’re a primary resident and being taxed at the 6% rate, you may want to apply for this special assessment. To apply you must own and occupy your residence in Horry County. In order to apply at the Horry County Assessor’s office to reduce your property tax liability you’ll need your State Issued ID or Driver’s license with your resident address, your vehicle registration, and a copy of your most recently filed federal and state tax returns.
Another possible way to reduce your property tax liability is through the Homestead Exemption. Residents, age 65 and over, or 100% disabled veterans, or total Social Security Disability, may be eligible. You must have lived in South Carolina a full year as of January 1st of your year of application. To apply for this exemption, call the Horry County Auditor’s Office.