Pawleys Island, South Carolina Property Taxes
The median property tax rate in Pawleys Island, SC is 0.55%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $295,400 in Pawleys Island, the typical annual property tax bill is around $2,030, which is below the national median of $2,690. Property taxes in Pawleys Island are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Pawleys Island's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pawleys Island or another part of Georgetown County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pawleys Island, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.55%
Estimate Property Tax Bill
$1,625
Ownwell’s Pawleys Island Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pawleys Island with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pawleys 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 Pawleys Island, South Carolina
Property taxes in Pawleys Island, South Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pawleys Island is 0.55%, which is lower than the U.S. national median of 0.99%. Local government entities within Pawleys Island set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pawleys 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 Pawleys Island's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29585 has both the highest and lowest median property tax rate of 0.55%, illustrating a uniform tax landscape within the area. Understanding how these cities compare with Pawleys Island provides valuable insights into the varying tax landscape across Georgetown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pawleys Island Tax Rate
0.55%
Average Georgetown County Tax Rate
0.91%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pawleys Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29585 | 0.44% | 0.48% | 0.55% | 1.49% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Pawleys Island, South Carolina
In Pawleys 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 Georgetown 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 Pawleys 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. The median home price in Pawleys Island is $295,400, with tax bills ranging significantly. The 25th percentile tax bill is $1,302, while the 75th percentile tax bill is $4,041, and the 90th percentile tax bill is $8,416. The zip code with the highest and lowest median tax bill is 29585, both at $2,030. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pawleys Island, South Carolina
Source: Ownwell
$13,100
$503,400
$993,700
Average Pawleys Island Assessed Value
$295,400
Average Georgetown County Assessed Value
$155,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pawleys Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29585 | $110,000 | $185,000 | $295,400 | $445,600 | $669,620 |
Source: Ownwell
Property Tax Bills Across Pawleys Island, South Carolina
In Pawleys Island, SC, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Georgetown County. The assessed value is determined by the county assessor and is typically a percentage of the market value of the home. For instance, the median home price in Pawleys Island is $295,400. Homeowners then apply the local tax rate to this assessed value to calculate their annual tax bill. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions or abatements. The tax bill can vary significantly, with the 25th percentile at $1,302 and the 75th percentile reaching $4,041. The 90th percentile tax bill can be as high as $8,416. These property taxes fund essential local services like schools, infrastructure, and emergency services, directly impacting homeowners. While the median property tax rate in Pawleys Island may seem steep compared to the national median of 0.99%, it reflects the value of the community services and amenities provided.
Average Pawleys Island Tax Bill
$2,030
Average Georgetown County Tax Bill
$1,240
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pawleys Island, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29585 | $739 | $1,302 | $2,030 | $4,041 | $8,416 |
Source: Ownwell