Commercial RE

Best County Property Taxes

Is South Carolina a great place to live and own real estate based on value, quality of life, jobs and taxes. Let’s share a few facts about York County, SC…

Low taxes, great communities, close to major cities (Charlotte, Columbia or Greenville), major highway, solid employment opportunities, Lake Wylie, River Walk District and healthy area to retire and enjoy  life.

York County

The seventh most populous county in South Carolina, York County has property tax rates close to the state average. The largest city in the county is Rock Hill. The total millage rate in Rock Hill is around 380 mills (as of 2013). The rate applies to assessed value, which for owner-occupied residences is equal to 4% of a home’s full market value.

How Your Property Taxes Compare Based on an Assessed Home Value of $78,000 (Example only)

Lancaster County    $396
0.508% of Assessed Home Value
South Carolina          $448
0.574% of Assessed Home Value
National                         $945
1.211% of Assessed Home Value

Tax Study by County

As the summer approaches and the weather leads us to the beach or water park

South Carolina is just 0.57%, fifth lowest in the country.

Real-Estate Property Taxes by State

Rank

State

Effective Real-Estate Tax Rate

Annual Taxes on $179K Home*

State Median Home Value

Annual Taxes on Home Priced at State Median Value

1Hawaii0.27%$487$515,300$1,406
2Alabama0.43%$773$125,500$543
3Louisiana0.49%$876$144,100$707
4Delaware0.54%$959$231,500$1,243
5District of Columbia0.56%$1,000$475,800$2,665
6South Carolina0.57%$1,019$139,900$798
7West Virginia0.58%$1,044$103,800$607
8Colorado0.60%$1,073$247,800$1,489
9Wyoming0.61%$1,097$194,800$1,196
10Arkansas0.62%$1,111$111,400$693
11Utah0.68%$1,218$215,900$1,472
12New Mexico0.74%$1,324$160,300$1,188
13Tennessee0.75%$1,335$142,100$1,062
14Idaho0.76%$1,366$162,900$1,246
15Mississippi0.79%$1,408$103,100$813
16Virginia0.80%$1,420$245,000$1,948
T-17California0.81%$1,438$385,500$3,104
T-17Arizona0.81%$1,446$167,500$1,356
T-19Montana0.85%$1,525$193,500$1,652
T-19Kentucky0.85%$1,511$123,200$1,042
T-19North Carolina0.85%$1,524$154,900$1,322
T-19Nevada0.85%$1,523$173,700$1,481
23Indiana0.87%$1,560$124,200$1,085
24Oklahoma0.88%$1,569$117,900$1,036
25Georgia0.94%$1,685$148,100$1,397
26Missouri1.00%$1,790$138,400$1,387
27Florida1.06%$1,894$159,000$1,686
T-28Oregon1.08%$1,929$237,300$2,563
T-28Washington1.08%$1,931$259,500$2,805
30Maryland1.10%$1,956$286,900$3,142
31North Dakota1.12%$2,000$153,800$1,722
T-32Alaska1.18%$2,112$250,000$2,956
T-32Minnesota1.18%$2,110$186,200$2,200
34Massachusetts1.20%$2,139$333,100$3,989
35Maine1.30%$2,321$173,800$2,259
36South Dakota1.34%$2,389$140,500$1,879
37Kansas1.40%$2,502$132,000$1,849
38Iowa1.48%$2,649$129,200$1,916
39Pennsylvania1.53%$2,725$166,000$2,533
40Ohio1.56%$2,794$129,900$2,032
41New York1.62%$2,899$283,400$4,600
42Rhode Island1.63%$2,915$238,000$3,884
43Vermont1.74%$3,116$217,500$3,795
44Michigan1.78%$3,172$122,400$2,174
45Nebraska1.85%$3,308$133,200$2,467
46Texas1.90%$3,386$136,000$2,578
47Wisconsin1.96%$3,499$165,800$3,248
48Connecticut1.97%$3,517$270,500$5,327
49New Hampshire2.15%$3,838$237,300$5,100
50Illinois2.30%$4,105$173,800$3,995
51New Jersey2.35%$4,189$315,900$7,410
Commercial RE

What to Look for in a Commercial Real Estate Broker

Before starting your search for rental space, think carefully about the kind of location and building that will best suit your business, determine the maximum rent you’re willing to pay, and set other priorities, such as the size and configuration of the rental space. Then consider the working relationship you want with a broker. If your rental needs are fairly straightforward, the types of spaces you want are plentiful, and you’re comfortable negotiating lease terms with the landlord, you may find space on your own and forego hiring your own broker. But if you want to work with a real estate broker who represents tenants (ideally, exclusively), you’ll need to do some searching. Here’s how to get the best results.

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Finding a commercial real estate broker isn’t all that different from finding a good doctor, lawyer, or dentist. A hefty application of common sense, professional and personal connections, and some independent research usually does the trick. The same method works when looking for a broker. Here’s what to look for:

  • Expertise in commercial real estate. Make sure the broker you choose is experienced in helping tenants find office, retail, and other commercial space (not someone who works primarily with houses, condos, and apartments).
  • Experience in representing tenants in commercial real estate transactions. You’ll ideally want a broker who consistently works only with tenants, but it may be difficult to locate such a broker, especially if your business is located in a small community (in this case, you may need to find a broker who works for landlords and tenants).
  • An established business in your geographical area. Look for someone who’s been in commercial real estate long enough to know how deals are done and how landlords and their brokers work. In addition, experienced and successful brokers will have the financial stability to enable them to firmly put your best interests at the front. Remember, in most situations a broker gets paid when the deal is done, according to the size of the rent. A broker who isn’t hungry will be less tempted to rush negotiations or settle for a more expensive result when patience might produce something better for you.

How to Find a CRE Professional

Other commercial tenants in your community will be the best source of leads for brokers. Ask businesses if they have engaged a broker and whom they would recommend. Look for tenants who appear to be running a healthy business (chances are that their good business sense was at work when they chose a broker, too).

You can narrow your field of inquiry by approaching tenants whose businesses are similar to yours, especially if you’re in a large city where brokers may have divided the market into niches, with some specializing in office space, others concentrating on restaurants and food stores, and others working mainly with light industry. For example, if you’re intending to open an art gallery, you’ll want to deal with a broker who’s familiar with the commercial space that is appropriate for a gallery. The owner of a currently operating gallery may have found just the broker.

In some cities, brokers may even concentrate on specific neighborhoods. If you want to locate in a particular area, to take advantage of adjoining businesses, traffic patterns, or expected rents, it makes sense to look for brokers who have already done deals in the neighborhood.

Be sure to check out brokers who represent buyers—but not sellers—of commercial real estate; they may act as tenants’ agents in leasing transactions too, or they may be able to direct you to a kindred spirit who represents tenants only.

Try to get recommendations from several tenants and business people. You may find that the same name or names pop to the top of everyone’s list. Once you’ve whittled down your list to two or three promising names, you’ll want to ask your contacts about the broker’s strong and weak points, before you interview and chose a CRE Broker.