Property Tax
South Carolina has no state property tax.

Personal Income Tax
South Carolina has a tiered indexed personal income tax. The rates graduate from 2.5% to a top rate of 7% on taxable income.

Deductions/Tax Relief/Credits
There is no tangible tax in South Carolina.

If you have established a one-year residency and you are 65 or older, you are eligible for a homestead exemption of $20,000.

There are tuition tax credits for children attending South Carolina public and private colleges.

For more on deductions, tax relief and tax credits you may contact the State Department of Revenue in Charleston at (843) 852-3600, or visit their website.

Motor Fuel Tax
Each gallon of gasoline and diesel fuel purchased in South Carolina is taxed at 16 cents.

Charleston County

Property Tax
Personal Property tax is collected annually on cars, recreational vehicles, boats and airplanes, based on their fair market value. If you won a $10,000 car, based on the average millage rate, your personal property tax would be $268.00.

County, cities and school districts are authorized to impose ad valorem taxes on real property. The local government assesses and collects property tax under the direction of the Department of Revenue. A non-owner occupied residence is assessed at 6%. The millage rate of the local government is then applied to the assessed value resulting in the tax liability.

An example follows:

Assessed value X millage rate/1000

For example: A $100,000 house X 4% assessment = $4,000

$4,000 X .2777 (sample millage rate)/1000 = $1110.80

The average tax rate on homes in Charleston before exemptions and rebates is approximately 1% of market value.

Sales Tax

Berkeley and Dorchester Counties 5%

Charleston County 6%