I have calculated what the total property tax liability would be on this property if the sale price was the list price of $1,750,000 since the value taxed would be the sale price and have found that the approximate tax liability would be $6,200 if this home was your principal residence. If it was not your principle residence, the tax liability would be about $18,000. Please remember that this liability would go down if the purchase price is less and that they liability can change from one year to the next.
I hope that this is helpful! Do not hesitate to contact me if you have any questions. I spent 14 years as an elected person in local goverment and I have a masters degree in accountancy so I under the property tax system pretty well. It is nice when I can put that knowledge and experience to work in my real estate practice!
Cheryll Woods-Flowers, Keller Williams
The Reese Team
Spence & Theresa Reese
Harbourtowne RE/Daniel Island