When looking at property data in South Carolina, you’ll often see two numbers: Appraised Value and Assessed Value. Here’s a simple breakdown of what they mean and how they affect your property taxes.
🏡 What is a Tax Assessor Appraised Value?
This is how much the county thinks your home is worth.
Imagine someone comes to your house, looks at how big it is, where it’s located, and what other homes like it are selling for. Then they say, “We think your house is worth this much money!”
That’s the Appraised Value—it’s the county’s estimate of your home’s market value.
💰 What is an Assessed Value?
The Assessed Value is just a portion of the appraised value. It’s the number the county uses to figure out how much you should pay in property taxes.
In South Carolina, they don’t tax you based on the full appraised value—they use a percentage of it instead.
📌 Example:
If your home is appraised at $100,000…
And South Carolina uses a 4% assessment rate for primary residences…
Then your assessed value is $4,000 (which is 4% of $100,000)
That $4,000 is what they use to calculate your property taxes.
🔑 Easy Way to Remember
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Appraised value = What your house is worth
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Assessed value = What the county uses to figure out your tax