Richland County South Carolina Property Taxes (2022)

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Richland County South Carolina Property Taxes (1)Richland County Property Tax Rate 2022[Go To Different County]

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Richland County, South Carolina Property Tax
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The median property tax in Richland County, South Carolina is $1,111 per year for a home worth the median value of $146,300. Richland County collects, on average, 0.76% of a property's assessed fair market value as property tax.

South Carolina is ranked 1315th of the 3143 counties in the United States, in order of the median amount of property taxes collected.

The average yearly property tax paid by Richland County residents amounts to about 1.7% of their yearly income. Richland County is ranked 1784th of the 3143 counties for property taxes as a percentage of median income.

You can use the South Carolina property tax map to the left to compare Richland County's property tax to other counties in South Carolina.Beaufort County collects the highest property tax in South Carolina, levying an average of $1,319.00 (0.45% of median home value) yearly in property taxes, while Chesterfield County has the lowest property tax in the state, collecting an average tax of $293.00 (0.38% of median home value) per year.

To compare Richland County with property tax rates in other states, see our map of property taxes by state.

Richland County Property Tax Rate

Contents

  1. Richland County Property Tax
    1. Richland County Property Tax Rates
    2. Richland County Property Tax Estimator
    3. Richland County Property Tax Appeals
    4. Richland County Tax Assessor
  2. About the Richland County Property Tax
    1. What Is The Property Tax?
    2. Homestead Exemption
    3. Property Tax Deductions
  3. More Information (opens in new tab)
    1. South Carolina Property Taxes By County
    2. Property Taxes By State

Because Richland County uses a complicated formula to determine the property tax owed on any individual property, it's not possible to condense it to a simple tax rate, like you could with an income or sales tax.

Instead, we provide property tax information based on the statistical median of all taxable properties in Richland County. The median property tax amount is based on the median Richland County property value of $146,300. You can use these numbers as a reliable benchmark for comparing Richland County's property taxes with property taxes in other areas.

(Video) Is South Carolina A Tax Deed State?

Our data allows you to compare Richland County's property taxes by median property tax in dollars, median property tax as a percentage of home value, and median property tax as a percentage of the Richland County median household income.

Richland County Property Taxes

Median Property Tax As Percentage Of IncomeAs Percentage Of Property Value
$1,111 ± $20 (1315th of 3143)1.7 ± 0.05% (1784th of 3143)0.76 ± 0.02% (1614th of 3143)

Note: This page provides general information about property taxes in Richland County. If you need specific tax information or property records about a property in Richland County, contact the Richland County Tax Assessor's Office.

Richland County Property Tax Calculator

While the exact property tax rate you will pay is set by the tax assessor on a property-by-property basis, you can use our Richland County property tax estimator tool to estimate your yearly property tax. Our property tax estimates are based on the median property tax levied on similar houses in the Richland County area.

Property taxes are managed on a county level by the local tax assessor's office. If you need to find out the exact amount of your property tax bill or find other specific information, you can contact theRichland County Tax Assessor Richland County South Carolina Property Taxes (5).

Disclaimer: Please note that we can only estimate your Richland County property tax based on average property taxes in your area. Every locality uses a unique property tax assessment method. Your actual property tax burden will depend on the details and features of each individual property.

Richland County Property Tax Appeal

Richland County calculates the property tax due based on the fair market value of the home or property in question, as determined by the Richland County Property Tax Assessor. Each property is individually t each year, and any improvements or additions made to your property may increase its appraised value.

As a property owner, you have the right to appeal the property tax amount you are charged and request a reassessment if you believe that the value determined by the Richland County Tax Assessor's office is incorrect. To appeal the Richland County property tax, you must contact the Richland County Tax Assessor's Office.

Are You Paying Too Much Property Tax?

Statistics show that about 25% of homes in America are unfairly overassessed, and pay an average of $1,346 too much in property taxes every year.

We can check your property's current assessment against similar properties in Richland County and tell you if you've been overassessed. If you have been overassessed, we can help you submit a tax appeal.

(Video) Richland County Treasurer: Tax Sale

Is your Richland County property overassessed?

You will be provided with a property tax appeal form, on which you will provide the tax assessor's current appraisal of your property as well as your proposed appraisal and a description of why you believe your appraisal is more accurate.

Previous appraisals, expert opinions, and appraisals for similar properties may be attached to the appeal as supporting documentation. If your appeal is successful, your property will be reassessed at a lower valuation and your Richland County property taxes will be lowered accordingly.

If your appeal is denied, you still have the option to re-appeal the decision. If no further administrative appeals can be made, you can appeal your Richland County tax assessment in court.

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Richland County Property Tax Assessor

The Richland County Tax Assessor is responsible for assessing the fair market value of properties within Richland County and determining the property tax rate that will apply. The Tax Assessor's office can also provide property tax history or property tax records for a property. These property tax records are excellent sources of information when buying a new property or appealing a recent appraisal.

Most county assessors' offices are located in or near the county courthouse or the local county administration building. You can look up the Richland County Assessor's contact information here Richland County South Carolina Property Taxes (6) (opens in external website).

What is the Richland County Property Tax?

Proceeds from the Richland County Personal Property Tax are used locally to fund school districts, public transport, infrastructure, and other municipal government projects. Property tax income is almost always used for local projects and services, and does not go to the federal or state budget.

Unlike other taxes which are restricted to an individual, the Richland County Property Tax is levied directly on the property. Unpaid property tax can lead to a property tax lien, which remains attached to the property's title and is the responsibility of the current owner of the property. Tax liens are not affected by transferring or selling the property, or even filing for bankruptcy. Property tax delinquency can result in additional fees and interest, which are also attached to the property title.

(Video) South Carolina Tax Sales - Redeemable Tax Deeds

In cases of extreme property tax delinquency, the Richland County Tax Board may seize the delinquent property and offer it for sale at a public tax foreclosure auction, often at a price well under market value. Proceeds of the sale first go to pay the property's tax lien, and additional proceeds may be remitted to the original owner.

Richland County Homestead Exemption

For properties considered the primary residence of the taxpayer, a homestead exemption may exist. The Richland County Homestead Exemption can reduce the appraised valuation of a primary residence before calculating the property tax owed, resulting in a lower annual property tax rate for owner-occupied homes.

Getting a Homestead Exemption may also help protect your home from being repossessed in the case of a property tax lien due to unpaid Richland County property taxes or other types of other debt.

In most counties, you must specifically submit a homestead exemption application to your county tax assessor in order to enjoy the tax reduction and other benefits available. To get a copy of the Richland County Homestead Exemption Application, call the Richland County Assessor's Office and ask for details on the homestead exemption program. You can also ask about other exemptions that may exist for veterans, seniors, low-income families, or property used for certain purposes such as farmland or open space.

Richland County Property Tax Deduction

You can usually deduct 100% of your Richland County property taxes from your taxable income on your Federal Income Tax Return as an itemized deduction. South Carolina may also let you deduct some or all of your Richland County property taxes on your South Carolina income tax return.

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(Video) Richland County Penny Tax Program Explained

FAQs

At what age do senior citizens stop paying property taxes in SC? ›

65 years of age, or. declared totally and permanently disabled by a state or federal agency having the authority to make such a declaration, or.

Do you get a property tax break at age 65 in South Carolina? ›

The state of South Carolina has special provisions on property taxes for home owners who are 65 years of age or older and who have resided in the state for at least one year. These benefits are usually available for a surviving spouse if the deceased spouse was 65 or older.

How are property taxes calculated in Richland County SC? ›

South Carolina determines property taxes by looking at the market value of an owner-occupied legal residence. These residences are assessed at 4% of fair market value. The market value is determined from periodic countywide reassessment.

Which county in South Carolina has the highest property taxes? ›

Richland County has one of the highest average property tax rates in South Carolina, as its effective rate stands at 0.79%.

How can I lower my property taxes in South Carolina? ›

You can apply for the South Carolina Homestead exemption to lower your property taxes. To apply, you will have to be: A legal South Carolina resident for a year prior to December 31 of the year of application for the exemption. 65 years of age or older (Senior citizen exemption)

What taxes do retirees pay in South Carolina? ›

South Carolina taxpayers ages 65 and older do not need to file a state income tax return. In addition, Social Security benefits are not taxed by the state of South Carolina. Overall, Kiplinger rates South Carolina as a tax-friendly state for retirees.

At what age do seniors stop paying taxes? ›

There is no age when a senior gets to stop filing a tax return, and most seniors are required to file taxes. The taxpayer's taxable income determines whether a tax return is required. The rules for seniors are slightly different than those for people under the age of 65.

What age do you stop paying taxes on Social Security? ›

What Age Do You Stop Paying Taxes on Social Security? You can stop paying taxes on Social Security at 65 years old as long as your income is not high.

Does SC tax your pension? ›

Is pension income taxable? Pension income received while a resident of South Carolina is taxable to South Carolina. However, South Carolina allows a retirement deduction and an age 65 and over deduction.

Why are South Carolina property taxes so high? ›

That's because in South Carolina many homes are taxed on far less than they are worth — until the ownership changes. A sale triggers a reassessment, so that the property is taxed on its full value, which can mean a large jump in the tax bill.

Which county in South Carolina has the lowest property taxes? ›

Horry County

Horry County has the lowest property tax rate in the state as well as being home to some of the best schools in South Carolina.

Are property taxes higher on a second home in South Carolina? ›

25qmo xogo (194019 9332 In general, a rental or second home in South Carolina is likely to have a tax bill that is two to three times higher than the one for an owner-occupied residential property of the same fair market value.

At what age do seniors stop paying taxes? ›

There is no age when a senior gets to stop filing a tax return, and most seniors are required to file taxes. The taxpayer's taxable income determines whether a tax return is required. The rules for seniors are slightly different than those for people under the age of 65.

Is South Carolina tax friendly for retirees? ›

Overview of South Carolina Retirement Tax Friendliness

South Carolina does not tax Social Security retirement benefits. It also provides a $15,000 taxable income deduction for seniors receiving any other type of retirement income. The state has some of the lowest property taxes in the country.

What age is senior citizen in sc? ›

people age 65 or older, • people under age 65 with certain disabilities, and • people of all ages with End-Stage Renal Disease (permanent kidney failure requiring dialysis or a kidney transplant).

Does South Carolina tax Social Security retirement? ›

No. Social Security benefits and railroad retirement taxed for federal purposes are not subject to tax in South Carolina.

Videos

1. SC Property Taxes: How to Apply for Legal Residence
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4. LIVING IN SOUTH CAROLINA, THE THINGS THEY DON'T TELL YOU
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5. Answering tax questions for Richland county tax payers
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6. County Legal Residence Application Now Online
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