Horry Co. reassesses property values for over 250,000 properties - WMBFNews.com, Myrtle Beach/Florence SC, Weather

Horry County reassesses property values for over 250,000 properties

County Spokesperson Lisa Bourcier says Market Common property owners may see an increase this time around.  (Source: WMBF News) County Spokesperson Lisa Bourcier says Market Common property owners may see an increase this time around. (Source: WMBF News)

HORRY COUNTY, SC (WMBF) - People who live in Horry County will be getting their property reassessment letters over the next month.The County valued 250,000 properties last December. Homeowners can expect to see changes depending on several factors. 

County leaders say this is a fair way to distribute the tax burden throughout the entire county, and this time around, the total reassessment came to $40 billion. But the percentage of change you'll see will depend on your property. 

"During reassessment years, we always say there's winners and losers. We will have people whose properties have decreased since the last reassessment, and those that have increases as well," explains Horry County's Public Information Director, Lisa Bourcier.

The county will start sending out the letters in just a few weeks.  At the top, it will say is not a tax bill, but it will give you an estimate of what your taxes could be. The county explains you may see changes if you have recent additions, like garages, bedrooms, pools and sheds.

The President of Coastal Carolina Realtors Association, Ernie Derrick, says that amount will be based off of many different things.

"Number one, the location of the property," Derrick says. "Number two, they'll look at the feasibility of the community and how desirable it is for people to want to reside there. They'll look at the age of the structure as well as what the general condition and age of the property."

County Spokesperson Lisa Bourcier says Market Common property owners may see an increase this time around. She says Market Common is a Tax Increment Financing, or TIF area.

Derrick explains TIF properties are areas that municipalities allot a separate budget to for development and upkeep needs. There is a beginning and end date for TIF properties.

Derrick says this increase is also because of the steady developments moving into the Market Common and the high demand and other areas that could be seeing an increase are Carolina Forest, The Grand Dunes, and ocean front properties.

However, he explains reassessment tax cannot exceed more than 15 percent at a time. The one time you would see a huge difference if you built a new home from scratch, because then you would be going from land property tax to residential property tax. But he says if you do not agree with the reassessment, the first move should be to contact a local realtor to do a market analysis breakdown for you.

Blake Sloan is a Realty Expert at Sloan Realty. He says because many of the homes are judged from the outside and there is a possibility the county could have outdated floor plans. 

"Mass models leave a lot of room for error where as a one on one person to go through and look at real time concepts and real time market values," Sloan says.

County employees say there will be an appeals process breakdown on the back of your property reassessment form. You have 90 days to follow those steps.

The county will also be posting a citizen reassessment guide that will show a map with tax percent differences and more appeal info. 

Copyright 2014 WMBF News. All rights reserved.

  • Local NewsLocalMore>>

  • Breaking

    West Florence High School principal on paid leave

    West Florence High School principal on paid leave

    Friday, February 23 2018 8:52 AM EST2018-02-23 13:52:52 GMT
    Pam Quick. (Source: FSD1)Pam Quick. (Source: FSD1)

    The principal of West Florence High School has been on administrative leave with pay since Feb. 14, according to a district official. Principal Pam Quick is one of two West Florence High employees to be placed on administrative leave this month, confirmed Florence School District One Director Pam Little-McDaniel.

    More >>

    The principal of West Florence High School has been on administrative leave with pay since Feb. 14, according to a district official. Principal Pam Quick is one of two West Florence High employees to be placed on administrative leave this month, confirmed Florence School District One Director Pam Little-McDaniel.

    More >>
  • Tracy Lawrence to perform at 2018 CCMF

    Tracy Lawrence to perform at 2018 CCMF

    Friday, February 23 2018 8:03 AM EST2018-02-23 13:03:00 GMT
    Source: CCMF TwitterSource: CCMF Twitter
    Source: CCMF TwitterSource: CCMF Twitter

    Tracy Lawrence is the latest artist announced to perform at the 2018 Carolina Country Music Fest in Myrtle Beach. Toby Keith, Luke Bryan, the Zac Brown Band, Old Dominion, Chris Lane, Brett Eldredge, Dylan Scott, Kane Brown, Michael Ray, Devin Dawson, Jon Langston and Russell Dickerson are also scheduled to perform.

    More >>

    Tracy Lawrence is the latest artist announced to perform at the 2018 Carolina Country Music Fest in Myrtle Beach. Toby Keith, Luke Bryan, the Zac Brown Band, Old Dominion, Chris Lane, Brett Eldredge, Dylan Scott, Kane Brown, Michael Ray, Devin Dawson, Jon Langston and Russell Dickerson are also scheduled to perform.

    More >>
  • One killed after car, tractor-trailer collide in Darlington Co.

    One killed after car, tractor-trailer collide in Darlington Co.

    Friday, February 23 2018 7:17 AM EST2018-02-23 12:17:06 GMT
    (Source: Raycom Media)(Source: Raycom Media)

    One person was killed in a two-vehicle crash early-Friday morning, according to information from SCHP. The crash occurred just after midnight on U.S. Highway 52, just north of Dovesville.

    More >>

    One person was killed in a two-vehicle crash early-Friday morning, according to information from SCHP. The crash occurred just after midnight on U.S. Highway 52, just north of Dovesville.

    More >>
  • Trending StoriesTrending StoriesMore>>

  • 'Heartbroken' Kenworthy visits South Korean dog meat farm

    'Heartbroken' Kenworthy visits South Korean dog meat farm

    Friday, February 23 2018 3:05 AM EST2018-02-23 08:05:09 GMT
    Friday, February 23 2018 9:08 AM EST2018-02-23 14:08:05 GMT
    (AP Photo/Ahn Young-joon). In this Friday, Feb. 23, 2018, photo, American freestyle skier Gus Kenworthy, left, and his boyfriend Matthew Wilkas watch dogs in cages at a dog meat farm in Siheung, South Korea. Kenworthy saved five stray dogs during the S...(AP Photo/Ahn Young-joon). In this Friday, Feb. 23, 2018, photo, American freestyle skier Gus Kenworthy, left, and his boyfriend Matthew Wilkas watch dogs in cages at a dog meat farm in Siheung, South Korea. Kenworthy saved five stray dogs during the S...

    The Associated Press joined American freestyle skier Gus Kenworthy on a tour of a Korean dog meat farm that's about to be shuttered by the Humane Society International.

    More >>

    The Associated Press joined American freestyle skier Gus Kenworthy on a tour of a Korean dog meat farm that's about to be shuttered by the Humane Society International.

    More >>
  • Police: father killed 5-year-old son, buried him in backyard

    Police: father killed 5-year-old son, buried him in backyard

    Friday, February 23 2018 5:09 AM EST2018-02-23 10:09:31 GMT
    Friday, February 23 2018 5:09 AM EST2018-02-23 10:09:31 GMT
    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard. (Source: WGCL/CNN)Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard. (Source: WGCL/CNN)

    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard.

    More >>

    Police said a father beat his 5-year-old son to death with a shovel Wednesday, and then buried him in a backyard.

    More >>
  • Florida man yells 'murderers!' as he's executed for slaying

    Florida man yells 'murderers!' as he's executed for slaying

    Thursday, February 22 2018 8:24 PM EST2018-02-23 01:24:33 GMT
    Thursday, February 22 2018 11:47 PM EST2018-02-23 04:47:48 GMT
    (Florida Department of Law Enforcement via AP). This undated photo made available by the Florida Department of Law Enforcement shows Eric Scott Branch in custody. Florida is scheduled to execute Branch Thursday, Feb. 22, 2018, for raping and killing a ...(Florida Department of Law Enforcement via AP). This undated photo made available by the Florida Department of Law Enforcement shows Eric Scott Branch in custody. Florida is scheduled to execute Branch Thursday, Feb. 22, 2018, for raping and killing a ...

    Florida inmate yells 'murderers!' repeatedly as he's executed for his convictioin in 1993 rape and killing of a college student.

    More >>

    Florida inmate yells 'murderers!' repeatedly as he's executed for his convictioin in 1993 rape and killing of a college student.

    More >>
Powered by Frankly