Computation 2014-2015

Property Tax Computation for 4% Residential Property in Berkeley County
Based on the 2014/2015 Millage Rate and Fees

$100,000

Home Appraised Value

    x .04

Assessment Ratio (for legal residence)

$ 4,000

Assessed Value

   x .2618

2014/2015 Millage Rate

$ 1047.20

Tax Liability

  - 571.60

School Tax Credit
(based on the 2014/2015 School Operation Millage : 4000 X .1429)

  - 89.80

Local Option Sales Tax Credit (appraised value X .000898 – 2014/2015 factor)

$ 385.80

Reduced Tax Liability

   + 70.00

County Fire Fee

   + 75.00

Solid Waste Fee

   + 36.00

Stormwater Fee (only if applicable and amount may vary)

$ 566.80

Total Due

Additional taxes and reductions may apply if property is located in an incorporated area of the County (current Millage chart).