Saint Helena Island, South Carolina Property Taxes
The median property tax rate in Saint Helena Island, SC is 1.31%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Saint Helena Island at $205,000, the typical annual property tax bill reaches $1,704, which is below the national median of $2,690. Property taxes in Saint Helena Island are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Helena Island'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 Saint Helena Island or another part of Beaufort County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Helena Island, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,686
Ownwell’s Saint Helena Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Helena Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Helena Island 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 Saint Helena Island, South Carolina
Property taxes in Saint Helena Island, South Carolina, are essential for funding local services like public schools, road maintenance, and emergency services. The median tax rate in Saint Helena Island is 0.51%, significantly lower than both the South Carolina state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Saint Helena Island set these rates annually, and they can vary across different neighborhoods. Each year, Saint Helena Island 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 Saint Helena Island's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29920 has the highest median property tax rate of 0.51%, while the same zip code also has the lowest median tax rate of 0.51%. Understanding how these cities compare with Saint Helena Island 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 Saint Helena Island Tax Rate
1.31%
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 Saint Helena Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29920 | 0.54% | 0.66% | 1.31% | 1.74% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Saint Helena Island, South Carolina
In Saint Helena Island, 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 Appraisal District 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 Saint Helena Island, 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 Saint Helena Island helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $1,704 in the 29920 zip code, which is significantly below the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Saint Helena Island, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average Saint Helena Island Assessed Value
$205,000
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 Saint Helena Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29920 | $8,400 | $42,400 | $205,000 | $392,700 | $591,800 |
Source: Ownwell
Property Tax Bills Across Saint Helena Island, South Carolina
In Saint Helena Island, located in Beaufort County, SC, property tax bills are calculated based on the assessed value of a home rather than its market value. This assessed value is determined by local tax assessors and represents a percentage of the property's market value. Homeowners can expect their property tax bill to vary significantly depending on the assessed value of their home and the local tax rate. For instance, the median home price in Saint Helena Island is $205,000. The tax bill for properties at the 25th percentile is $336, while those at the 75th percentile can expect a bill of $4,501. The 90th percentile tax bill climbs to $8,093, indicating a wide range of tax liabilities based on property values. Comparatively, the highest and lowest median tax bills in the area both stand at $1,704, which is below the national median property tax rate of 0.99%. These factors collectively influence how much homeowners pay annually, impacting their overall financial planning and housing affordability.
Average Saint Helena Island Tax Bill
$1,704
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 Saint Helena Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29920 | $100 | $336 | $1,704 | $4,501 | $8,093 |
Source: Ownwell