Property Taxes in Horry County

South Carolina's Constitution requires that property be taxed in accordance with the properties value. From the time your property is added to the tax rolls, the tax assessment does not change unless physical changes have been made or a reassessment program is implemented or an assessable transfer of interest occurs. The most recent reassessment was implemented for the 2005 tax year. The next countywide reassessment is scheduled to be implemented for the 2009 tax year. In determining the County's annual budget, County Council sets the tax levy each year. The rate is reflected in "mills" or "millage rate", and one mill is one thousandth of one dollar (.001). The County Assessor appraises real property, the Auditor maintains the property tax rolls and calculates individual property taxes, and the County Treasurer collects the property taxes. All property is appraised at its fair market value and is multiplied by the appropriate assessment ratio for the type of property. All real property is assessed at a four percent (owner occupied primary residence) four or six percent (farm) or a six percent (all other) rate. Therefore, property taxes are determined by multiplying the fair market value, times the assessment ratio, times the millage rate. For example, the tax on your legal, full-time residence in Horry County is determined this way:

This example includes a home located in the unincorporated area of Horry County. (Qualified legal residence)
$125,000 Fair Market Value of home

x 4% Assessment Ratio (4% if qualified legal resident)

5,000 Assessed Value

x .2133 Countywide Millage Rate (County millage - 47.3, School-143.3, Fire-16.3, Waste Mgmt-6.4)

$1066.50 TAXES

-576.50 Tax credit - (5,000 @ .1153) School operations

$490.00 TAXES DUE

This example includes a commercial property located in the unincorporated area of Horry County.
$125,000 Fair Market Value of home

x 6% Assessment Ratio

7,500 Assessed Value

x .2133 Countywide Millage Rate (County millage - 47.3, School-143.3, Fire-16.3, Waste Mgmt-6.4)

$1,599.75 TAXES DUE