Everything You Need to Know About South Carolina Property Taxes

If you’re considering a move to the Lowcountry, there’s no better time to do so. Aside from the gorgeous weather, pristine beaches, and fantastic nearby attractions, there are some excellent financial benefits in relocating to South Carolina. The Palmetto State is home to some of the lowest tax rates in the country, especially for real estate. Read on to learn more about South Carolina property taxes and start planning your move today.

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Your Guide to South Carolina Property Taxes

An Introduction to Property Taxes

South Carolina residents enjoy one of the lowest property tax rates in the United States. While specific rates vary by county, most new residents see a smaller tax bill after they move to our beautiful state. According to USA Today, the average property tax rate in South Carolina is only 0.57%. For comparison, that’s the fifth-lowest rate in the country.

About Taxes on Home and Land

Individual counties collect property taxes in South Carolina. Each county has its own means of assessing and collecting monies due.

For specific rates, due dates, and payment methods, you’ll need to get familiar with the rules of the county where you buy your home or land. Property tax calculators are another valuable resource.

Charleston County, South Carolina Property Taxes

Does Charleston County offer any property tax exemptions?

Charleston County is at the top of the list for many people moving to South Carolina. Charleston County property taxes for primary residences are currently .51%, the 11th lowest rate in the state.

Charleston County may issue several types of tax exemptions. Among them is the Legal Residence Exemption, for those who can prove that their only legal residence is in Charleston County. The Homestead Exemption provides relief for people who are 65 or over, disabled, or legally blind. There is a Military Exemption for those who are serving and on active duty.

Other Taxes in South Carolina

In addition to property taxes, there are several other taxes in South Carolina of which to be aware. In regards to personal income tax, South Carolina’s six tax brackets top out at 7%. As for state sales tax, the rate in 2019 was 6%.

Buying a Home in South Carolina

Once you’ve navigated the waters of property taxes in South Carolina, nothing holds you back from starting your new life in the Palmetto State.

Pam Harrington Exclusives has over 40 years of real estate experience, making us the number one choice for luxury real estate in the Lowcountry. We have a fantastic portfolio of homes on  Kiawah Island, Seabrook Island, and Charleston.

We aren’t just real estate agents — we want to make your move to South Carolina as easy as possible and are happy to serve as a resource for you during your transition. 

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