South Carolina’s property tax revenue down 38.5 percent since Q4 2018

South Carolina’s property tax revenue down 38.5 percent since Q4 2018
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South Carolina collected $8 million in property taxes during the fourth quarter of 2019, a 38.5 percent decrease from the same period the previous year, according to the U.S. Census Bureau’s Quarterly Summary of State and Local Taxes.

In the fourth quarter of 2018, $13 million was collected.

Overall, South Carolina collected $3 billion in combined tax revenues in the fourth quarter.

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 the state governments.

Fourth Quarter South Carolina Tax Collections
Type of Tax Amount (in millions of dollars)
Property Taxes $8
Sales and Gross Receipts Taxes $1,337
Income Taxes $1,363

Source: U.S. Census Bureau



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