Solutions of the time-dependent diffusion equation were developed to take into account the depth of the source and the detector inside a semi-infinite medium. These solutions permitted an evaluation of optical properties at different depths below the surface by fitting time-resolved data. Measurements were performed on liquid optical phantoms with optical fibers for delivering and collecting light. A time-correlated single-photon-counting chain was used for electronic detection. The determination of optical properties underlines the continuity between the surface model and the infinite model and shows the depth at which the derived solutions can be applied.