South Carolina Income Tax
South Carolina has a progressive income tax with rates ranging from 0-6.5%. Lower income earners pay the lower rate, with the top rate applying to the highest bracket.
South Carolina Sales Tax
The state sales tax rate in South Carolina is 6%. With an average local sales tax of 1.43%, the combined average sales tax rate is 7.43%.
South Carolina Property Tax
The effective property tax rate in South Carolina is 0.56%. With a median home value of $228,700, the median annual property tax bill is $1,278 ($107/month).
South Carolina has some of the lowest property taxes in the nation, making homeownership more affordable.
Corporate & Business Taxes
The corporate tax rate in South Carolina is 5%.
Other Taxes in South Carolina
| Tax Type | Rate / Amount |
|---|---|
| Gas Excise Tax | $0.28/gallon |
| Cigarette Tax | $0.57/pack |
| Estate Tax | No |
| Inheritance Tax | No |
Key Facts
Low property taxes. Generous tax breaks for retirees — Social Security fully exempt.
Compare to Other States
See how salaries compare on our average salary in South Carolina page. Thinking about starting a business? Check our LLC guide for South Carolina. See the current minimum wage in South Carolina.
Financial Calculators
Plan your finances in South Carolina with our free tools:
- Paycheck Calculator — estimate take-home pay after taxes
- Salary Calculator — convert hourly to annual pay
- Mortgage Calculator — estimate monthly home payments
- Home Affordability Calculator — see how property taxes affect what you can afford