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The average yearly property tax paid by Somerset County residents amounts to about 2.35% of their yearly income . Somerset County is ranked 1104th of the 3143 counties for property taxes as a percentage of median income.
South Carolina has six marginal tax brackets, ranging from 0.00% (the lowest South Carolina tax bracket) to 7.00% (the highest South Carolina tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket, which are the same in South Carolina for single filers and couples filing jointly. The Federal Income Tax, by contrast, has different tax brackets for married, single, and Head of Household taxpayers.