Today I received a Call to Action e-mail that was sent to all Realtors around the state. I have posted this e-mail below because it not only affect Realtors, but virtually every single person in the Palmetto State. If you own, plan to buy, or plan to sell property in the state of South Carolina this affects you in a dramatic way. If you don't know what the Point of Sale real estate tax is, you should. Below are some facts taken directly for the SC Realtors website. Keep reading to learn more.
From the SC Realtors Website on "Point of Sale":
In 2006, the General Assembly enacted property tax reform that provided for point of sale property tax assessment. Regrettably, this has created serious inequities in the real estate market.
Point of sale…