South Carolina Transfer Tax Calculator: What to Expect
This simple calculator can help home sellers in South Carolina estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Palmetto State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top South Carolina real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
See a full cost and proceeds breakdown
A top real estate agent can provide you with a Seller’s Net Sheet that breaks down all the costs of selling your home, along with an estimate of the proceeds you can expect. Use HomeLight’s free Agent Match platform to find a trusted local agent with excellent reviews and a proven track record.
How the South Carolina Transfer Tax is Calculated
South Carolina’s transfer tax, known as a Deed Recording Fee, is calculated at a rate of $1.85 on realty value of $100-$500 and an additional $1.85 for each $500 increment after composed of both county and state fees at a rate of $1.30 for the state portion and $0.55 for the county portion.
For example, if you sold your home for $381,000 (South Carolina’s median home price), you could expect to pay $1,406 in South Carolina transfer taxes.
»Learn more: Understanding South Carolina’s Transfer Tax
See the bigger home sale picture: To see what your entire home sale might cost, try HomeLight’s South Carolina Seller Closing Cost Calculator. You’ll also get a preliminary look at your estimated net proceeds.
Does the Seller Always Pay the South Carolina Transfer Tax?
While it’s customary for the seller to pay the South Carolina transfer tax, who pays can sometimes be a point of negotiation between the buyer and seller during the closing process.
Some property transactions in South Carolina may be eligible for exemptions from transfer taxes, depending on the specifics of the property transfer. Here are key exemptions to be aware of:
- Transfers of realty valued at $100 or less.
- Realty transferred to the federal government, state agencies, or political subdivisions.
- Transactions exempt under state or federal laws.
- Transfers with no recognized gain or loss under specific IRS codes.
- Realty transfers to partition property without paid consideration.
- Transfers of individual grave spaces at licensed cemeteries.
Make Buying and Selling Easier: Most South Carolina sellers are also buyers looking to purchase a new home. With HomeLight’s Buy Before You Sell program, you can make a non-contingent offer on your new home and only move once. Watch this short video to learn more.
More Resources to Plan Your South Carolina Home Sale
Here are some additional tools to help you plan your South Carolina home sale:
- Net Proceeds Calculator
- Map of recently sold homes in South Carolina
- Listing Agent Match platform
- Home Value Estimator
- Best Time to Sell Calculator
- Agent Commission Calculator
Sell fast without paying fees or commissions: Get a cash offer today.
With HomeLight’s Simple Sale platform, you can receive a no-obligation, all-cash offer for your South Carolina home in 24 hours. If you accept the offer, you can close in as few as 10 days. Answer a few questions about your South Carolina home to get started. Along with your cash offer, you’ll also receive an expert estimate of what a top South Carolina agent might be able to get for your home. Receive both selling options with one tool.
As you look ahead to your next home purchase, here are some helpful buyer tools: