In 2025, property taxes in Florence, South Carolina, remain relatively low compared to national averages, making it an attractive area for homeowners and investors. The median effective property tax rate in Florence is approximately 0.45%, which is below the national median of 1.02% and also lower than the state median of 0.72%. This rate accounts for exemptions such as homestead and senior exemptions which reduce taxable value from the market value.
Florence property taxes are calculated based on the assessed value of the property, which is a percentage of its fair market value. For residential properties within the city limits, the assessed value is set at about 4% of the fair market value. The local millage rate applied to this assessed value is $54.90 per $1,000 of assessed value. Different property types have different assessment rates, with rental and business real properties assessed at 6%, and manufacturing properties at 10.5%.
The median home value in Florence is around $88,444, resulting in a median annual property tax bill near $694, significantly lower than the national median tax bill of about $2,400. Depending on the specific property and location within Florence, actual tax bills may vary considerably.
Additionally, Florence is part of a combined sales tax rate of 8%, which includes state, county, and special taxes, but this is separate from the property tax.
Property owners in Florence can benefit from understanding available exemptions and the local tax structure to manage their tax liabilities effectively. The Florence County Tax Assessor’s office is open for inquiries Monday through Friday during business hours for personalized assistance.
This overview provides clarity on property taxes in Florence for 2025, emphasizing affordability and the structure of property tax assessments and exemptions in the area.
SOURCES
[1](https://www.avalara.com/taxrates/en/state-rates/south-carolina/cities/florence.html)
[2](https://www.ownwell.com/trends/south-carolina/florence-county/florence)
[3](https://trykintsugi.com/sales-tax-guide/florence-south-carolina-sales-tax-guide)
[4](https://www.cityofflorencesc.gov/business-license/property-tax-payments)
[5](https://www.cityofflorence.com/business-license/property-tax-payments)
