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How Much is Property Tax on a $1,000,000 Home in South Carolina?
Property tax on a $1,000,000 home in South Carolina typically ranges from $3,000 to $10,000 per year (roughly $250 to $833/month), depending on the county. Based on the statewide average effective rate of 0.57%, you can expect to pay around $5,700/year, or $475/month. South Carolina has one of the lowest property tax rates in the country; primary residences are assessed at 4% of fair market value, significantly reducing the taxable base.