Society Hill, South Carolina Property Taxes
The median property tax rate in Society Hill, SC is 1.00%, slightly higher than the national median of 0.99% and significantly above the South Carolina state median of 0.72%. With the median home value in Society Hill at $34,400, the typical annual property tax bill is $340, which is below the national median of $2,690. Property taxes in Society Hill are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Society Hill'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 Society Hill 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
Society Hill, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Society Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Society Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Society Hill 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 Society Hill, South Carolina
Property taxes in Society Hill, 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 Society Hill is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Society Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Society Hill 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 Society Hill's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29593 has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Society Hill provides valuable insights into the varying tax landscape across Darlington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Society Hill Tax Rate
1.00%
Average Darlington County Tax Rate
1.00%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Society Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29593 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Society Hill, South Carolina
In Society Hill, 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 Darlington 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 Society Hill, 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 Society Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Society Hill is found in the 29593 zip code, at $340, while the lowest median tax bill also stands at $340 in the same zip code.
Property Tax Assessment Values Across Society Hill, South Carolina
Source: Ownwell
$34,400
$150,300
$266,200
Average Society Hill Assessed Value
$34,400
Average Darlington County Assessed Value
$53,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Society Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29593 | $5,300 | $15,500 | $34,400 | $58,900 | $113,280 |
Source: Ownwell
Property Tax Bills Across Society Hill, South Carolina
In Society Hill, SC, property tax bills are calculated based on the assessed value of a property, which is determined by the Darlington County Assessor's Office. The assessed value is a percentage of the market value of the home. For homeowners in Society Hill, the median home price is $34,400. Property tax bills can vary significantly, with the 25th percentile tax bill at $155 and the 75th percentile tax bill at $535, while the 90th percentile reaches up to $953. Several factors contribute to the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The local tax rate in Society Hill is compared against the national median property tax rate of 0.99%. This means homeowners in Society Hill may experience lower tax bills relative to other parts of the country, given the median home price and local tax rates. Understanding these factors can help homeowners anticipate their annual property tax obligations and budget accordingly.
Average Society Hill Tax Bill
$340
Average Darlington County Tax Bill
$513
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Society Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29593 | $56 | $155 | $340 | $535 | $953 |
Source: Ownwell