What to expect from Horry County real property tax reassessment

HORRY COUNTY, SC (WMBF) - Horry County announced it will be issuing property reassessment notices to homeowners. The notices will be mailed out this month.

This is the first time in six years the county has reassessed the market value of real properties. This year's state-mandated reassessment is important because it is how the county updates the real market value of your property, which directly impacts property taxes.

In December 2013, all 250,000 properties in Horry County were re-evaluated. Since then, if your market value increased by one-thousand dollars or more, you're going to get a reassessment notice from the county. This letter is not a bill. It is a warning that you could be in for an increase in your property tax bill based on that new assessment. And that tax bill should come out in October.

With the thousands of reassessments, there is a chance one could have slipped through the cracks and was done incorrectly, according to Rendel Mincey, the Horry County Assessor.

"If they get it and think see a wrong value, and you're seeing properties around you that have been selling for less than that – that might be an indication to press for a review," says Mincey.

But if you believe the county assessor made a mistake for your property, you have 90 days from when you get your reassessment notice to make an appeal. On the back of that reassessment letter, you'll find detailed instructions on how to make an appeal.

But here's a tip, if you think your assessment is off because similar homes in your neighborhood are selling for less, collect that information as evidence and send it with your appeal. If you had an appraisal done in the last year, send that in too. Another good idea, get a local realtor to do a market analysis for you.

"Any information that they can gather to substantiate or justify how they think the property should be is very helpful in the appeal process," says Mincey.

The Assessor's Office is expecting hundreds of appeals, meaning this process could take quite a while. If you send in an appeal, that does not mean you're off the hook for paying your tax bill. The Assessor's Office strongly recommends that if you're getting close to the deadline to pay your tax bill and your appeal still hasn't been accepted or closed, pay your bill. If you don't, you risk being fined.

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