South Carolina’s property tax revenues up 40% in Q3 2024 compared to same quarter of the previous year

W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue
W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue
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South Carolina collected $14 million in property taxes during the third quarter of 2024, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

This represents a 40% increase over the same quarter the previous year, when property tax revenues were $10 million.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by state governments.

Overall, South Carolina collected $4.4 billion in combined tax revenues in Q3.

Q3 South Carolina Tax Collections
Type of Tax Amount (millions)
Income Taxes $2,256
Sales and Gross Receipts Taxes $1,890
License Taxes $228
Other Taxes $36
Property Taxes $14

Information in this article was obtained from the U.S. Census Bureau. The source data can be found here.



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