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Charleston Reporter

Sunday, November 24, 2024

Effective property tax rate in Charleston County were lighter than the national average in Q4 2022

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Property owners in Charleston County paid 0.4% of the value of their homes in property taxes in the fourth quarter of 2022, which is less than 0.4 times the national average, according to the real estate analysis posted by the Charleston Reporter.

The median sales price of a Charleston County home in the fourth quarter of 2022 was $400,000, based on data from the 1,105 properties sold during that time. In 2019 the median tax bill for the county was $1,566, which is 0.4% of the median value of the homes that were taxed.

This is 0.4 times lower than the average effective property tax rate of 1.11% in the U.S. in 2023.

The analysis of Charleston County real estate data showed homeowners in North Pine Point, Kiawah Island, and Isle of Palms paid the highest rates.

The following table compares North Pine Point with some other cities belonging to Charleston County by their median effective property tax rate, calculated using sales and property tax data from the fourth quarter of 2022.

CityQ4 2022 SalesQ4 2022 Median PriceMedian tax 2022Effective tax rate
North Pine Point3$23,750$1,4626.2%
Kiawah Island19$715,000$10,7421.5%
Isle of Palms27$759,000$7,0580.9%
Capri Isles1$336,000$2,1960.7%
Ravenel1$165,000$1,1920.7%
Folly Beach8$907,500$5,4090.6%
Seabrook Island20$643,000$3,9940.6%
Wildwood2$157,500$9640.6%
Meggett1$450,500$2,1520.5%
Castlewood1$155,000$7530.5%
Springfield2$265,000$1,2160.5%
Mount Pleasant221$567,150$2,0350.4%
North Charleston249$240,000$9200.4%
Charleston414$415,000$1,8310.4%
Fenwick Hills3$325,000$1,1810.4%
Drayton1$370,000$1,6220.4%
Ashley Forest1$565,000$2,2590.4%
Lincolnville1$224,692$8690.4%
Green Acres2$455,000$1,8930.4%
Hollywood11$530,000$1,5050.3%
James Island47$540,000$1,4460.3%
Landsdowne2$415,000$1,3210.3%
Edisto Island8$594,250$2,0040.3%
Plantation Estates2$355,000$1,1400.3%
Secessionville Acres1$486,000$1,5860.3%
Forest Lakes1$490,000$1,5130.3%
Church Creek1$447,000$1,2380.3%
Sullivan's Island1$3,650,000$10,2590.3%
Awendaw1$375,000$1,2840.3%
Summerville14$315,000$1,0670.3%
Ladson10$202,000$6660.3%
Ponderosa1$335,000$9330.3%
Riverland Terrace2$625,000$2,1670.3%
Melrose1$435,000$1,3450.3%
Chesterfield1$545,000$1,7740.3%
Adams Run4$500,500$9920.2%
Whitehall Terrace1$850,000$1,7170.2%
McClellanville5$575,000$1,0980.2%

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