is it true that there is a commercial tax for renting a house in columbia sc?

Asked by Laura Korkowski, Palm Coast, FL Mon Sep 5, 2011

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Ene Swagart, Agent, columbia, SC
Mon Sep 5, 2011
There is a higher property tax for rental property. Which usually is absorbed by the rent.
It could be almost double for the landlord.
Ene Swagart,
Realtor, Coldwell Banker
0 votes
Liz Cameron, Agent, lexington, SC
Mon Sep 5, 2011
commercial tax, I do not hear about this tax.
0 votes
Marilyn Hold…, Agent, Westfield, NJ
Mon Sep 5, 2011
It wasn't clear whether you are the prospective Tenant, or the Owner/Landlord. I would first check with the town
to see if this applies. If you are the Owner/Landlord, there may be Income Taxes due on rents received -- sometimes Owners forget that they may be liable for Income Taxes on Rental monies they receive -- best to consult a tax expert (accountant, attorney) for the given state.

Marilyn Holda-Fleck
Prudential NJ Properties
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