South Carolina variant. This is a South Carolina-specific version of the Property Tax Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Property Tax Calculator.
South Carolina's effective property tax rate of 0.56% means the owner of a median $295,000 home pays roughly $1,652 per year - a figure that varies widely by state.
How South Carolina property tax is calculated
Property tax = assessed value × local millage rate. The 0.56% effective rate shown here is the statewide average of tax paid relative to market value, which smooths over county-by-county differences.
On the $295,000 South Carolina median home, that works out to about $1,652/year or $138/month - often escrowed into your mortgage payment.
About taxes and housing in South Carolina
South Carolina levies a graduated income tax with a top marginal rate just above 6%.
South Carolina has one of the lowest effective property tax rates in the country, near 0.56%, with median home values around $295,000.
South Carolina's economy features automotive and aerospace manufacturing, port logistics in Charleston, and coastal tourism.
Worked example: tax on a $295,000 home
$295,000 × 0.56% = $1,652 per year. A $500,000 home in South Carolina would owe about $2,800 annually at the same effective rate.
Quick reference
- State income tax: 0-6.2% across 3 brackets
- State sales tax: 6% (plus 1.50% avg local)
- Median home value: $295,000
- Median household income: $63,623
- Effective property tax rate: 0.56%
- Avg auto insurance: $1,655/yr
Frequently Asked Questions
What is the property tax rate in South Carolina?
South Carolina's effective property tax rate averages 0.56% of market value per year.
How much property tax on a $295,000 home in South Carolina?
About $1,652 per year at the 0.56% effective rate.