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Wednesday, November 6, 2024

South Carolina's Q4 2021 property tax revenue down 23.5% from previous quarter

South Carolina collected $13 million in property taxes during the fourth quarter of 2021, a 23.5% decrease from the third quarter of 2021, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the third quarter of 2021 was $17 million.

Overall, South Carolina collected $4 billion in combined tax revenues in the the fourth quarter of 2021, an increase from the $4 billion collected in the previous 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.

Q4 2021 South Carolina Tax Collections
Type of TaxAmount (millions)
Property Taxes$13
Sales and Gross Receipts Taxes$1,661
Income Taxes$2,004
License Taxes$176
Other Taxes$151
Source: U.S. Census Bureau

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