The moving process is always rife with uncertainty. Moving across state lines presents so many questions to consider. Among them are inquiries about state-specific tax laws and assessments. Read on to learn everything you need to know about SC property taxes. Afterward, let Pam Harrington Exclusives help you find the home of your dreams. Sign up for our real estate listing alerts to stay in the know about the newest properties on the market. Submit your preferred criteria and we will notify you of any listings that match your needs!
Your Guide to Understanding SC Property Taxes
An Introduction to Property Taxes
People living in the Palmetto State enjoy one of the lowest property tax rates in the United States. Specific rates vary by county, but overall, most people save money on taxes when they make a move to South Carolina. In 2018, the average property tax rate in South Carolina was only 0.57%, the fifth lowest rate in the country.
About Taxes on Home and Land
Property taxes in South Carolina are collected by individual counties. Each county has its own means of assessing and collecting monies due. For specific rates, due dates, and payment methods, you’ll want to get familiar with the rules of the county where you buy your home or land. Property tax calculators are another valuable resource.
Important Information About Charleston County Property Taxes
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 also assesses several types of exemptions from property taxes in South Carolina. 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 to be aware of. In regards to personal income tax, South Carolina’s six tax brackets top out at 7%. As for state sales tax, the rate in 2018 was 6%.
Buying a Home in South Carolina
With over 40 years of real estate experience, Pam Harrington Exclusives is the No. 1 source for luxury real estate in the South Carolina Lowcountry. Browse our available homes on Kiawah Island, Seabrook Island, and Charleston. As we begin the search for your perfect home, we will work with you to make your transition to the South Carolina Lowcountry as seamless as possible.
Our experienced real estate agents are here to walk you through the specifics of your property taxes in South Carolina, as well as any county or local fees that may apply. If you have any additional questions on South Carolina property taxes, find your answers by contacting our team. We look forward to speaking with you soon!