South Carolina property taxes are charged at the local level. Cities and counties in South Carolina rely heavily on property taxes to fund their budgets. Items such as public schools, police and fire support and public libraries are funded by South Carolina property taxes. Tax rates are determined at the local level as well and can vary widely by area. Like in most states, the amount of South Carolina property taxes you’ll pay is dependent upon two factors: the value of your home and the millage rate.
The local tax assessor will estimate the value of your home and send you a notice regarding the fair market value of your home. Your property will be reassessed for tax purposes every five years. When the local budget is created, the tax department will use the combined property values for the area along with the revenue requirements to meet the upcoming budget to determine the millage rate. Counties and cities must hold a public meeting before the millage rate can be raised, but it can be lowered at any time. At these meetings, the public has the opportunity to learn what the changes are for and contest them.