Charleston Real Estate Blogs

South Carolina Property Tax: Understand Your Tax Bill Before You Buy

Charleston Area Property Tax Folder in Filing Cabinet

Many prospective buyers want to know their property tax liability when buying a home. After all, most mortgages estimate both property tax and home insurance and add that to the monthly payment (the money goes into an escrow account the bank uses to pay the property tax bill). If you buy a home with a significant property tax rate, your monthly payment will be higher. You may have heard that South Carolina property tax rates are among the absolute lowest in the United States. They are, indeed, low.

However, it's still important to understand what type...