Home Taxes in Charleston


Learn About Home Taxes in the Charleston SC Area

To figure out what your house taxes will be use the above estimator or please follow the sample below. Your house is  assessed for its tax value based on the sale price. (This is not the same appraisal used to obtain a mortgage.) Use the millage card to the right to determine your mill rate. There are certain discounts obtained by resident owners that can be deducted.

DEED STAMPS paid by the seller at closing is a transfer tax paid to the city, county and state government for transferring property to a new owner. The tax formulation is different for each state, but is usually figured using the purchase price of the property to determine the amount of tax to be paid. In South Carolina,  the formula for the transfer tax, mostly referred to as deed stamps is $1.85 per $500 of consideration; this is the combined amount for city, county and state taxes. If the consideration is $100,000, the transfer tax is $370, and paid directly to the County Register of Deeds by the closing attorney.  Transfer taxes are paid at the recording of the deed only, but property taxes are paid every year by the owner of the property.

Click for a download of more information on Charleston Millage and Tax Charges


843.478.6287                                                                                                  info@classiccharlestonhomes.com

4% versus 6% Residency Rates

If you are full time resident, you can apply for a reduced rate on your tax bill. The 6% rate applies to all homes that are owned by investors, vacation homes, second homes, out-of-state owners, or those who have not applied. When you close a property, it will automatically assess at the 6% rate.    Download an application here if you are a legal SC resident and this is your primary resident..

For homeowners wanting to contest the appraisal on their home. Here is what you should read first about tax appraisal. Tax Appraisal Objection to request for re-evaluation - objections/protest/appeals.

SAMPLE TAX  BILL - click here