Quantcast

Charleston Reporter

Wednesday, October 16, 2024

Charleston County effective property tax rate in Q2 was lower than the national average

Re 6

Property owners in Charleston County paid 0.4% of the value of their homes in property taxes in the second quarter of 2024, 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 second quarter of 2024 was $510,000, based on data from the 1,369 properties sold during that time. In 2024, the median tax bill for the county was $2,030, 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, Folly Beach, and Isle of Palms paid the highest rates.

The above article calculates the effective property tax rate for 2024 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 second quarter of 2024.

CityQ2 2024 SalesQ2 2024 Median PriceMedian tax 2024Effective tax rate
Kiawah Island21$805,000$11,0521.4%
Folly Beach13$625,000$6,1671%
Isle of Palms20$1,044,888$7,8850.8%
Wildwood4$166,250$1,1130.7%
Seabrook Island42$726,250$4,3550.6%
Long Branch Estates3$340,000$1,5970.5%
North Charleston240$279,900$1,1800.4%
Charleston515$520,000$2,0980.4%
Meggett4$640,000$2,4190.4%
North Pine Point3$450,000$1,8970.4%
Forest Lakes4$461,500$1,8900.4%
Springfield3$390,000$1,6260.4%
Drayton4$456,800$1,9930.4%
Ashley Forest4$645,000$2,6450.4%
Summerville14$315,000$1,2860.4%
Melrose4$440,500$1,6920.4%
Mount Pleasant320$680,000$2,3210.3%
Hollywood18$639,000$1,7030.3%
James Island57$620,000$1,6820.3%
Capri Isles3$830,000$2,7820.3%
Ravenel4$475,000$1,3090.3%
Church Creek2$455,000$1,4830.3%
Fenwick Hills2$439,700$1,3110.3%
Whitehall Terrace4$707,500$1,9830.3%
Lincolnville3$285,000$9770.3%
Ladson17$260,000$7660.3%
McClellanville4$452,500$1,2080.3%
Riverland Terrace2$862,500$2,3800.3%
Adams Run7$494,500$1,1300.2%
Edisto Island5$1,050,000$2,1800.2%
Secessionville Acres4$827,500$1,8120.2%

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