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Charleston Reporter

Thursday, October 17, 2024

Analysis: Charleston County effective property tax rate were lighter than the national average in Q1 2023

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Property owners in Charleston County paid 0.4% of the value of their homes in property taxes in the first quarter of 2023, 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 first quarter of 2023 was $397,500, based on data from the 1,041 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 Kiawah Island and Lincolnville paid the highest rates.

The following table compares Kiawah Island with some other cities belonging to Charleston County by their median effective property tax rate, calculated using sales and property tax data from the first quarter of 2023.

CityQ1 2023 SalesQ1 2023 Median PriceMedian tax 2023Effective tax rate
Kiawah Island11$650,000$11,4131.8%
Lincolnville2$97,500$9230.9%
Folly Beach7$775,000$5,7470.7%
Isle of Palms20$1,025,000$7,5000.7%
Seabrook Island26$655,500$4,2440.6%
Melrose1$228,000$1,4290.6%
Charleston408$429,150$1,9450.5%
Ravenel3$277,500$1,2670.5%
Pierpont2$272,500$1,4510.5%
Wildwood1$210,000$1,0240.5%
Edgewater Park1$917,000$4,1710.5%
Long Branch Estates4$382,500$1,3610.4%
Mount Pleasant196$575,250$2,1620.4%
North Charleston233$225,000$9780.4%
Edisto Island3$475,000$2,1290.4%
Church Creek2$327,500$1,3150.4%
Drayton2$460,000$1,7230.4%
Ashley Forest2$570,000$2,4000.4%
Summerville2$316,000$1,1330.4%
McClellanville3$325,000$1,1660.4%
Green Acres3$475,000$2,0120.4%
Hollywood9$540,000$1,5990.3%
James Island35$450,000$1,5370.3%
Landsdowne2$467,551$1,4030.3%
North Pine Point3$610,000$1,5530.3%
Plantation Estates1$415,000$1,2110.3%
Springfield1$373,000$1,2920.3%
Cedar Springs2$408,750$1,3010.3%
Fenwick Hills1$401,000$1,2550.3%
Ladson25$253,000$7070.3%
Ponderosa5$380,000$9920.3%
Laurel Park1$620,000$1,9710.3%
Riverland Terrace2$702,500$2,3030.3%
Capri Isles1$1,000,000$2,3330.2%
Adams Run5$430,000$1,0540.2%
Sullivan's Island1$6,460,000$10,9010.2%
Awendaw1$700,000$1,3640.2%

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