The property taxes in South Carolina are calculated based on their property’s assessed value and the local tax rate of the county. Assessed value is a specific percentage of the property’s market value. The assessment ratio stands at 4% for primary residences occupied by the owner. The non-primary residences are assessed at 6%. 

The average property tax rate in South Carolina is 0.574 percent, almost half of the nationwide property tax rate average. 

South Carolina Homeowners aged 65 and above get an exemption from property tax in South Carolina on first $50,000 of their legal residence’s value. They have to apply for Homestead Exemption at auditor office of their local county to get the benefit.