South Carolina

South Carolina has an effective property tax rate of 0.53%, with a median annual property tax of $1,350. Properties are assessed at 4.0% of market value and reassessed every 5 years (county-wide reassessment; 15% cap on assessment increases between reassessments unless ownership change). Payments are due annual.

Effective Rate

0.53%

Assessment Ratio

4.0%

Median Annual Tax

$1,350

Payment Frequency

Annual

Appeal Deadline

Within 90 days of tax notice reflecting a change in value

Due Dates

Due January 15; delinquent after January 15. Tax bills mailed in October. Some counties allow earlier payment with discount.

Reassessment Cycle

Every 5 years (county-wide reassessment; 15% cap on assessment increases between reassessments unless ownership change)

Homestead Exception

First $50,000 of fair market value exempt from school operating taxes for owner-occupied. Seniors (65+) and disabled get additional exemptions. Assessment ratio of 4% makes effective exemption significant.

Key Notes

Lowest assessment ratio in the nation at 4% for owner-occupied residential (6% for other residential, 10.5% for commercial). Act 388 eliminated school operating taxes on owner-occupied homes and raised sales tax. Very favorable for owner-occupants.

Late Penalty

3% penalty in first month (March); 10% after March; 15% after June; plus costs of tax sale

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