Real Estate Zing
 USA Real Estate  USA Cities  Real Estate Agents List  Fannie Mae  Freddie Mac
 Home  »  USA  »  South Carolina  » SC Property Tax

SC Property Tax

SC Property Tax has been in force since 1915 and today, it comprises about 20 percent of all state and local taxes. The South Carolina Property Tax is a prime source of revenue for local governments for maintaining public utilities and providing public services. Schools, public libraries, police stations and fire departments are some of the public utilities that are funded by the revenue received through SC Property Tax.

South Carolina Property Taxes

Property Taxes in South Carolina are levied on the real property as well as personal property. As per the law of the state, all real property within the state is taxed and the collection of South Carolina Real Estate Taxes are made at local levels, by the taxing jurisdictions. For taxation purposes, the market value of your property is assessed by county assessor, who also maintains record of each property located in the jurisdiction along with its common features. The data collected by county assessors is used in maintaining South Carolina Property Tax Records.

SC Property Tax Records

Hence, you can get the fair market value of a property easily by making a search through SC Property Tax Records in the state of South Carolina . The fair market value of a property is multiplied by the assessment ratio to produce its assessed value. Afterwards, the assessed value is again multiplied by the millage rate to compute the property tax due.

South Carolina Property Tax Relief

While the assessment ratio for a particular kind of real property is fixed throughout the state, the millage rate may vary in each county. For certain categories of homeowners or taxpayers, there exist South Carolina Property Tax Relief Programs, which can provide exemptions in property taxes to a certain extent. The recipient of SC Property Tax Relief could be senior citizens, disabled, military veterans, Medal of Honor recipients and POWs. For more information, visit the official site of South Carolina Department of Revenue.

Property Taxes
Unclaimed Property
Real Estate
Real Estate Commission
Cities in South Carolina
Home Mortgage
Rental Homes
Association and Board
Realtors Association
Housing Authority
Appraisal Board
Top Builders
DR Horton
Home Builders
Pulte Homes
Lennar Homes
Building a Home