County Taxes:

Folly Beach resides in Charleston County. County taxes are assessed 
based on the use of the property. For example, if the property 
will be your primary residence you will be taxed at four percent 
of the assessed value times the milage rate (which is set by 
local elected officials) in addition you will receive deductions 
such as school tax or homestead tax credits which ultimately 
lower the 4% assessed value. 

If you will be using the property as a second home/vacation 
property or you are purchasing a vacant piece of land, you will 
be taxed at 6% of the assessed value of the property times the 
milage rate. Second home/vacation properties do not receive 
the homestead exemption & other tax credits. 
I strongly recommend you check out the following Property 
Tax Card example and in addition, call Charleston County’s 
Assessors office prior to purchasing a property as tax laws 
are constantly changing. I also encourage you to get a written 
estimate from the tax assessor prior to closing: 
843-958-4200 extension 4061.

(Millage Rate* x Assessment Ratio 
** x Value***) – Tax Credits****
*set by local elected officials

**4% primary home; 6% rental, commercial, land, second home

***set by assessor and can be raised to the current sales 
price (point of sale assessment)

****set by elected officials

Example of Charleston ‘s County Property Tax (Folly Beach 
resides in this county):
CLICK HERE

Homestead Tax Exemption for Charleston County: 
http://taxweb.charlestoncounty.org/Docs/Tax/Auditor/faqs.html 

South Carolina Income Taxes:

Individual Income Taxes: 
http://www.sctax.org/default.htm  

South Carolina Dept of Revenue’s General Tax 
Guide for New Residents: 

Moving to South Carolina Guide 
www.sctax.org  

Retiree Tax Information:

If you plan on retiring in the near future or are a retiree, 
please view following informational websites: 

Social Security Retirement Planner: 
http://www.ssa.gov/retire2/near.htm 

SC Department of Revenue Income Tax Frequently 
Asked Questions for Retirees: 
South Carolina Taxes for Retirees

Please visit my other website devoted to Charleston, SC Retirement