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Palmetto State News

Sunday, December 22, 2024

South Carolina collects $25 million in property tax revenue in Q4

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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 $25 million in property taxes during the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

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 it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments. Also, not all states collect all types of taxes.

Overall, South Carolina collected $4.2 billion in combined tax revenues in Q4.

Q4 South Carolina Tax Collections

Type of TaxAmount (millions)
Income Taxes$1,812
License Taxes$255
Other Taxes$65
Property Taxes$25
Sales and Gross Receipts Taxes$2,037

Source: U.S. Census Bureau