Property Taxes in South Carolina
South Carolina's effective property tax rate is 0.47%, ranking #4 out of 50 states (1 = lowest). The median annual property tax paid is $1,024.
South Carolina's property tax system is highly favorable for owner-occupants. The state assesses primary residences at just 4% of fair market value, compared to 6% for non-owner-occupied residential property and 10.5% for commercial property. This means a $300,000 primary residence is assessed at $12,000, and local millage rates are applied to that low figure. The homestead exemption for seniors 65+ exempts the first $50,000 of fair market value from all property taxes. Combined, these provisions make South Carolina one of the most tax-friendly states for homeowners.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.47%
Median Annual Tax
$1,024
National Rank
#4 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $940 | $78 |
| $300,000 | $1,410 | $118 |
| $400,000 | $1,880 | $157 |
| $500,000 | $2,350 | $196 |
| $750,000 | $3,525 | $294 |
* Based on the average effective rate of 0.47%. Actual rates vary by county and municipality.
Homestead Exemption in South Carolina
Up to $62,400 (property tax exemption)
File for the homestead exemption after purchasing your primary residence in South Carolina to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
