Hilton Head, South Carolina Property Taxes
The median property tax rate in Hilton Head, SC is 1.64%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $244,400 in Hilton Head, the typical annual property tax bill reaches $3,996, surpassing the national median of $2,690. Property taxes in Hilton Head are calculated based on the assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hilton Head's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hilton Head or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilton Head, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$4,008
Ownwell’s Hilton Head Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hilton Head with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hilton Head to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hilton Head, South Carolina
Property taxes in Hilton Head, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilton Head is 1.64%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Hilton Head set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilton Head estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hilton Head's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29928 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these areas compare with Hilton Head provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilton Head Tax Rate
1.64%
Average Beaufort County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hilton Head, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29928 | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Hilton Head, South Carolina
In Hilton Head, South Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Beaufort County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hilton Head, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hilton Head helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $3,996, specifically in the 29928 zip code.
Property Tax Assessment Values Across Hilton Head, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average Hilton Head Assessed Value
$244,400
Average Beaufort County Assessed Value
$278,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hilton Head, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29928 | $244,400 | $244,400 | $244,400 | $244,400 | $244,400 |
Source: Ownwell
Property Tax Bills Across Hilton Head, South Carolina
In Hilton Head, Beaufort County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax authorities first determine the market value of the property, then apply an assessment ratio to arrive at the assessed value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or abatements. For instance, Hilton Head's median home price is $244,400, and homeowners in the area experience a median tax bill of $3,996. This figure is significantly higher than the national median property tax rate of 0.99%, reflecting the region's higher property values and tax rates. Homeowners in Hilton Head should be aware that their property tax bills can have a substantial impact on their annual expenses. Understanding how these taxes are calculated helps homeowners better manage their financial planning and anticipate future costs.
Average Hilton Head Tax Bill
$3,996
Average Beaufort County Tax Bill
$2,400
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilton Head, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29928 | $3,996 | $3,996 | $3,996 | $3,996 | $3,996 |
Source: Ownwell