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Taxes in Rock Hill, SC
In Rock Hill, South Carolina, the local sales tax rate is 1%, which is added to the state sales tax rate of 6%. Additionally, York County, where Rock Hill is located, imposes a 1% county sales tax. Therefore, the total sales tax rate in Rock Hill is 8% when all these rates are combined.
As for corporate income tax, South Carolina imposes a flat rate of 5% on all corporate income, which applies to businesses in Rock Hill as well. The state does not levy a gross receipts tax, so businesses in Rock Hill are not required to pay this type of tax.
Regarding property taxes, commercial and industrial properties in Rock Hill are taxed at an assessment ratio of 10.5% of the property's appraised value. Personal property, which includes items like vehicles and boats, is taxed at an assessment ratio of 10.5% as well. The actual tax amount is determined by multiplying the assessed value by the millage rate, which varies depending on the tax jurisdiction.
More comprehensive tax data for Rock Hill is coming soon!
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Business and Tax Incentives in Rock Hill, SC
Rock Hill offers a variety of economic incentives to help businesses at the local, state, and federal level.
No incentives found! If you are a local economic developer in Rock Hill, claim this profile to add your incentives and attract more employers to your community.
Reviews
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FAQs about Rock Hill, SC
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