Taxes in Aiken SC

South Carolina Income Tax Information

South Carolina has a simplified income tax structure, which follows the federal income tax laws. South Carolina accepts the adjustment, exemptions and deductions allowed on your federal return with few modifications. Your federal income is the starting point in determining your state income tax liability.

City Taxes

Aiken County and City real estate taxes are based on the market value of the home and may be determined by using the following formula.

Market Value x .04 = Assessed Value x .1642 (combined city and county mill. rate = tax)

The Tax formula above applies to Aiken County and City Residents only.

There is a different formula used for non-resident owners.

For homestead exemption for those over the age of 65 deduct the first $50,000 of the market value and use formula above

$300,000 $1,970 $1,642
$350,000 $2,299 $1,970
$400,000 $2,627 $2,299
$450,000 $2,956 $2,627
$500,000 $3,284 $2,956
$750,000 $4,926 $4,598

****The above calculations are for illustrative purposes only and are based upon figures obtained from the Aiken County Auditors Office on August 2022. Information deemed reliable, not guaranteed. Buyers have the responsibility to confirm their individual tax liability by calling the Aiken County Auditors Office at (803) 642-1514 or by calling a qualified tax attorney.****