Galivants Ferry, South Carolina Property Taxes
The median property tax rate in Galivants Ferry, SC is 0.43%, significantly lower than the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Galivants Ferry, the typical annual property tax bill amounts to $587, well below the national median of $2,690. Property taxes in Galivants Ferry are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Galivants Ferry'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 Galivants Ferry or another part of Horry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Galivants Ferry, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$577
Ownwell’s Galivants Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Galivants Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Galivants Ferry 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 Galivants Ferry, South Carolina
Property taxes in Galivants Ferry, 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 Galivants Ferry is 0.43%, significantly lower than the U.S. national median of 0.99%. Local government entities within Galivants Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Galivants Ferry 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 Galivants Ferry's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29544 zip code has both the highest and lowest median property tax rate of 0.43%. Understanding how these areas compare with Galivants Ferry provides valuable insights into the varying tax landscape across Horry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Galivants Ferry Tax Rate
0.43%
Average Horry County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Galivants Ferry, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29544 | 0.13% | 0.32% | 0.43% | 0.94% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Galivants Ferry, South Carolina
In Galivants Ferry, 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 Horry 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 Galivants Ferry, 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 Galivants Ferry is $134,110, with the 25th percentile tax bill at $241 and the 75th percentile tax bill at $1,023. The highest and lowest median tax bills, both at $587, are found in the 29544 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Galivants Ferry, South Carolina
Source: Ownwell
$5,650
$209,880
$414,110
Average Galivants Ferry Assessed Value
$134,110
Average Horry County Assessed Value
$160,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Galivants Ferry, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29544 | $18,342 | $54,090 | $134,110 | $215,345 | $309,732 |
Source: Ownwell
Property Tax Bills Across Galivants Ferry, South Carolina
In Galivants Ferry, located in Horry County, SC, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The median home price in Galivants Ferry is $134,110. Property taxes are determined by multiplying the assessed value by the local tax rate, which can vary within the county. Homeowners in this area can expect their tax bills to fall within a range, with the 25th percentile at $241 and the 75th percentile at $1,023. For those in the 90th percentile, tax bills can reach up to $1,564. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Galivants Ferry offers relatively affordable property taxes, providing some financial relief to homeowners. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Galivants Ferry Tax Bill
$587
Average Horry County Tax Bill
$1,084
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Galivants Ferry, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29544 | $85 | $241 | $587 | $1,023 | $1,564 |
Source: Ownwell