Property Tax Computation for 4% Residential Property in Berkeley County
Based on the 2022/2023 Millage Rate and Fees
Amount | Description |
---|---|
$100,000 | Home Appraised Value |
x .04 | Assessment Ratio (for legal residence) |
$ 4,000 | Assessed Value |
x .2737 | 2022/2023 Millage Rate |
$1094.80 | Tax Liability |
– 607.20 | School Tax Credit – (based on the 2022/2023 School Operation Millage : 4000 X .1518) |
– 96.60 | Local Option Sales Tax Credit (appraised value X .000966 – 2022/2023 factor) |
$ 391.00 | Reduced Tax Liability |
+ 75.00 | County Fire Fee (only if applicable and amount may vary) |
+ 75.00 | Solid Waste Fee |
+ 36.00 | Stormwater Fee (only if applicable and amount may vary) |
$ 577.00 | Total Due |
Additional taxes and reductions may apply if property is located in an incorporated area of the County (current Millage chart).