Sellers, South Carolina Property Taxes
The median property tax rate in Sellers, SC is 1.76%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Sellers, the typical annual property tax bill reaches $200, which is significantly lower than the national median of $2,690. Property taxes in Sellers are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sellers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sellers or another part of Dillon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sellers, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.76%
Estimate Property Tax Bill
$200
Ownwell’s Sellers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sellers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sellers 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 Sellers, South Carolina
Property taxes in Sellers, 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 Sellers is 1.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sellers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sellers 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 Sellers' effective property tax rate to other counties in the U.S. national median. For comparison, the zip code 29592 within Sellers holds the highest median property tax rate of 1.76%, while the same zip code also has the lowest median tax rate of 1.76%. Understanding how these values compare with Sellers provides valuable insights into the varying tax landscape across Dillon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sellers Tax Rate
1.76%
Average Dillon County Tax Rate
2.15%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sellers, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29592 | 0.71% | 1.76% | 1.76% | 2.22% | 9.33% |
Source: Ownwell
Property Tax Assessment Values Across Sellers, South Carolina
In Sellers, 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 Dillon 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 Sellers, 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. For instance, the median home price in Sellers is $11,370, with tax bills varying widely. The 25th percentile tax bill is $200, while the 75th percentile tax bill is $381, and the 90th percentile tax bill reaches $772. Interestingly, the highest and lowest median tax bills both occur in the 29592 zip code, each at $200. By understanding 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 Sellers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sellers Assessed Value
$11,370
Average Dillon County Assessed Value
$19,512
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sellers, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29592 | $3,373 | $11,354 | $11,370 | $20,968 | $38,725 |
Source: Ownwell
Property Tax Bills Across Sellers, South Carolina
In Sellers, located in Dillon County, SC, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Sellers is $11,370. Property tax rates are applied to this assessed value to determine the tax bill. The median property tax rate in Sellers is relatively low compared to the national median of 0.99%. For example, the 25th percentile tax bill is around $200, while the 75th percentile tax bill reaches $381, and the 90th percentile can be as high as $772. Factors such as property location, market conditions, and any applicable exemptions or deductions can influence the assessed value and, consequently, the tax bill. Homeowners in Sellers benefit from lower property tax bills, making it an attractive location for those seeking affordable living costs. The highest and lowest median tax bills in the area both stand at $200, indicating a level of consistency in property tax assessments within the zip code 29592.
Average Sellers Tax Bill
$200
Average Dillon County Tax Bill
$372
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Sellers, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29592 | $138 | $200 | $200 | $381 | $772 |
Source: Ownwell