Property Tax & Income in McCormick County, South Carolina
McCormick County has an effective property tax rate of 0.56%. On the median home value of $168,700, that's roughly $948 per year. Median household income is $55,798.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | McCormick County | South Carolina (state context) |
|---|---|---|
| Effective property tax rate1 | 0.56% | 0.51% |
| Median home value1 | $168,700 | — |
| State income tax3 | top rate 6.20% | top rate 6.20% |
| State sales tax3 | 7.49% combined | 7.49% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About McCormick County, SC
In McCormick County, South Carolina, the median home value sits at $168,700, and the annual real-estate tax bill that goes with it comes to about $948. That works out to an effective rate of 0.562%, which lands above South Carolina's statewide median of 0.508% and ranks the county 14th out of 46 in the state. Even so, buyers comparing regions will notice the national median rate of 0.794% is meaningfully higher, so the tax load here still looks favorable on a broader scale. Households earning the median income of $55,798 would owe roughly 1.7% of that in annual property taxes, a figure that keeps housing costs contained. McCormick, the largest community among the county's towns, anchors a market where entry prices stay well below many parts of the country.