Quantcast

Charleston Reporter

Monday, December 23, 2024

Charleston County effective property tax rate in Q4 2023 was lower than the national average

Realestate1

Property owners in Charleston County paid 0.5% of the value of their homes in property taxes in the fourth quarter of 2023, which is less than 0.4 times the national average, according to the real estate analysis posted by Charleston Reporter.

The median sales price of a Charleston County home in the fourth quarter of 2023 was $425,000, based on data from the 1,088 properties sold during that time. In 2023, the median tax bill for the county was $1,961, which is 0.5% 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 Folly Beach paid the highest rates.

The above article calculates the effective property tax rate for 2023 using estimated inflation values and 2021 tax data provided by the county. In some cases, the actual effective property tax rate may vary slightly.

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 fourth quarter of 2023.

CityQ4 2023 SalesQ4 2023 Median PriceMedian tax 2023Effective tax rate
Kiawah Island16$947,500$10,6781.1%
Folly Beach12$605,625$5,9581%
Seabrook Island21$565,000$4,2080.7%
Isle of Palms13$1,150,000$7,6180.7%
Edisto Island4$367,500$2,1060.6%
Charleston422$450,000$2,0270.5%
Drayton3$366,000$1,9260.5%
Ashley Forest2$504,500$2,5560.5%
Mount Pleasant218$627,500$2,2420.4%
North Charleston244$269,500$1,1400.4%
Hollywood7$415,000$1,6460.4%
North Pine Point3$437,000$1,8330.4%
Springfield2$377,500$1,5710.4%
Sullivan's Island2$2,675,000$11,9460.4%
Lincolnville4$239,000$9440.4%
Summerville14$325,000$1,2420.4%
Ponderosa7$339,000$1,2260.4%
James Island39$535,000$1,6250.3%
Adams Run4$340,000$1,0920.3%
Cedar Springs4$475,000$1,3210.3%
Ladson16$262,500$7400.3%
Awendaw4$657,500$1,4610.2%
Ravenel2$877,750$1,2650.1%

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS