(Richland PIO) – Richland County is giving many property owners an early heads up about changes to the value of their property for 2025. This week, the County Assessor’s Office is sending notifications by mail to owners of properties whose values have changed by at least $1,000.
Nearly 12,700 property owners will receive the notices by mail beginning Wednesday, June 25.
Law requires the County assessor to assess all taxable property at market value. Three factors can cause property values to increase or decrease:
- an Assessable Transfer of Interest (ATI)
- new construction (built in 2024)
- physical changes, such as additions or renovations, that were made in 2024
While the taxable value on these notices is the basis for the County’s real property tax bill, the assessment and taxes will not be calculated until October, when County Council sets the property tax rates, known as the millage rate.
Residents can visit the Richland County Assessor’s Property Value and Tax Estimate Inquiry page: https://bit.ly/RC-Property25, to estimate their real property taxes based on the 2025 taxable value and the 2024 millage rate. The link to this site is also under the Online Services tab at www.richlandcountysc.gov.
For the most recent millage rates, visit the County Auditor online: www.richlandcountysc.gov/Auditor.
Filing an Appeal
Property owners who disagree with their appraisal have 90 days to file an appeal. Richland County encourages property owners to use the online Appeal Application to submit appeals. Find instructions on the Assessor’s website or on the back page of the mailed notice about the property value change.
The Assessor’s Office ensures all real property is valued at its current fair market rate, which is the price the property could sell for in the open real estate market. Legal residences in the state are assessed for taxes at 4 percent, while commercial or non-owner occupied property is assessed at 6 percent.
While the County’s appraisers work diligently to accurately value property, County Assessor Fred Descy encourages property owners to check their notices for accuracy.