Understanding Charleston Property Taxes

We often get questions about Charleston property taxes. With three counties and multiple municipalities, understanding your potential tax burden can be tricky. Let’s break down how property taxes work across Charleston, Dorchester, and Berkeley counties.

Charleston Property Taxes The Basics: 4% vs. 6% Assessment

First, let’s tackle the biggest factor in your property tax bill: your assessment ratio.

Charleston Property Taxes Owner-Occupied (4% Assessment):

Primary residence only
Must apply through your county
Must occupy the home by December 31st of the year you’re claiming
Can only claim one property in South Carolina

Charleston Property Taxes Non-Owner Occupied (6% Assessment):

Investment properties
Second homes
Rental properties
Any property not qualifying for 4%
Breaking It Down By County

Charleston Property Taxes Special Considerations

School Districts:

Each county has different school district millage rates
Dorchester District 2 (Summerville) typically has higher rates than DD4
Berkeley County school taxes are generally lower than the other counties

Charleston Property Taxes Municipal Add-ons:

Cities may add special assessments
Fire districts can affect rates
Street lighting districts
Storm water fees

Charleston Property Taxes Money-Saving Tips:

Apply for 4% as soon as possible
Check for veteran or senior exemptions
Appeal assessments if you believe they’re incorrect
Keep records of home improvements

Charleston Property Taxes Why This Matters:

Understanding property taxes helps you:

Budget accurately for homeownership
Make informed decisions about location
Plan for investment properties
Compare true costs between areas

Where you buy can make a massive difference on your property taxes and thus your pocketbook so make sure you know the numbers before you sign the contract. If you have any questions on property taxes please feel free to contact us we are happy to help.