Here Are 10 States With the Most Favorable Property Taxes

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6. South Carolina

  • Average House Value in 2022: $261,882
  • Effective Property Tax Rate in 2019: 0.53%
  • Median Household Income in 2019: $56,227
  • Annual Taxes on a Median-Priced Property: $1,387.97

South Carolina has an effective property tax rate of 0.53% (the same as West Virginia). In terms of cost of living measurements, South Carolina has a major advantage due to its typical home values.

Outside of its rather higher utility costs, other cost-of-living categories were quite low in 2021 in South Carolina. Despite all of these economic advantages, like many other Southern states, South Carolina has a high poverty rate of 14.7%.

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