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Tuesday, November 5, 2024

South Carolina collected $10 million in property tax revenue in Q3 2023

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W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue | South Carolina Department of Revenue

W. Hartley Powell, Director of Department of Revenue at South Carolina Department of Revenue | South Carolina Department of Revenue

South Carolina collected $10 million in property taxes during the third quarter of 2023, after no property tax was collected in the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, South Carolina collected $3.9 billion in combined tax revenues in the the third quarter of 2023, a decrease from the $4.2 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.

Q3 2023 South Carolina Tax Collections
Type of TaxAmount (millions)
Property Taxes$10
Sales and Gross Receipts Taxes$1,658
Income Taxes$1,955
License Taxes$194
Other Taxes$33
Source: U.S. Census Bureau

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