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Property Tax Calculation Sample


 

Property Tax Calculation Sample

Information provided by the Charleston County Auditor's Office
 

         
       SAMPLE CALCULATION  
     TAX ON REAL PROPERTY  
         
         
APPRAISED VALUE       $200,000
ASSESSMENT RATIO (OWNER-OCCUPIED RESIDENCE) χ       .04
ASSESSED VALUE       8,000
COMBINED MILLAGE        x .2583
(FOR CITY OF CHARLESTON AND COUNTYWIDE)  
TOTAL PROPERTY TAX BEFORE EXEMPTIONS   $2,066.40
CHARLESTON COUNTY TAX CREDIT:   -140.00
   COUNTY TAX CREDIT  χ  TAXABLE APPRAISED VALUE  
(.00070 x 200,000)        
CITY OF CHARLESTON TAX CREDIT:     -142.00
  CITY TAX CREDIT  χ  TAXABLE APPRAISED VALUE  
(.00071 x 200,000)        
*PROPERTY TAX RELIEF(PTR)     -788.80
 ASSESSED VALUE  χ  PTR MILLAGE      
(8,000 x .0986)        
TOTAL TAX         995.60
SOLID WASTE RECYCLING AND DISPOSAL FEE +99.00
TOTAL AMOUNT DUE       $1,094.60
         
         
*PROPERTY TAX RELIEF:      
HOMEOWNERS RECEIVE PROPERTY TAX RELIEF ON SCHOOL BOARD OPERATING
TAX FOR THEIR LEGAL RESIDENCE.      
         
EXAMPLE:          
$8,000 (ASSESSED VALUE)    
X .0986 (SCHOOL BOARD OPERATING MILLAGE)
$788.80 PROPERTY TAX RELIEF    
         
** SOLID WASTE RECYCLING AND DISPOSAL FEE CREDIT FOR TAX YEAR 2010 ONLY
         
         
  PLEASE CALL IF YOU NEED FURTHER INFORMATION
 
    HOMESTEAD EXEMPTION FOR YOUR PRIMARY RESIDENCE
        CALL THE AUDITOR'S OFFICE AT (843)-958-4220
           
        4% ASSESSMENT FOR YOUR PRIMARY RESIDENCE
         CALL THE ASSESSOR'S OFFICE AT (843) 958-4100


 





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