South Carolina (SC) property tax rate: 0.57% | Median home: $295,000 | Median annual tax: $1,682
South Carolina is a growing Southeast state with low property taxes. The average effective property tax rate in South Carolina is 0.57%, which is below the national average of 1.1%.
On the median South Carolina home valued at $295,000, annual property taxes come to approximately $1,682 or $140/month. This is a significant part of your total housing cost and should be factored into any home purchase budget.
Pro tip: South Carolina primary residences are assessed at 4% vs 6% for non-primary — a big saving.
Combined with South Carolina's state income tax rate of 6.4%, homeowners should consider the total tax picture. Property taxes in South Carolina are manageable and in line with regional averages.
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South Carolina has an average effective property tax rate of 0.57%. On the median home value of $295,000, that equals approximately $1,682 per year or $140 per month.
Property taxes in South Carolina are calculated by multiplying your home assessed value by the local tax rate. The assessed value may differ from market value depending on your county assessment ratio. Exemptions like homestead exemptions can reduce your taxable value.
South Carolina primary residences are assessed at 4% vs 6% for non-primary — a big saving.
South Carolina property taxes are well below the national average of 1.1%. This is a genuine financial advantage for homeowners in South Carolina.
Property tax due dates vary by county in South Carolina. Most counties offer semi-annual payments. Check with your county tax assessor office for specific due dates. Late payments typically incur penalties of 1-2% per month.