Orangeburg, South Carolina Property Taxes
The median property tax rate in Orangeburg, SC is 0.83%, slightly lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Orangeburg at $58,970, the typical annual property tax bill is $766, which is well below the national median of $2,690. Property taxes in Orangeburg are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Orangeburg'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 Orangeburg 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
Orangeburg, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$489
Ownwell’s Orangeburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orangeburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orangeburg 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 Orangeburg, South Carolina
Property taxes in Orangeburg, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Orangeburg is 0.83%, which is lower than the U.S. national median of 0.99%. Local government entities within Orangeburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orangeburg 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 Orangeburg's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29116 zip code has the highest median property tax rate of 2.94%, while the 29118 zip code has the lowest median tax rate of 0.69%. Understanding how these areas compare with Orangeburg provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orangeburg Tax Rate
0.83%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29018 | 0.75% | 0.75% | 0.75% | 0.75% | 0.75% |
| 29107 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
| 29115 | 0.38% | 0.69% | 1.09% | 2.40% | 2.94% |
| 29116 | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% |
| 29118 | 0.43% | 0.66% | 0.69% | 1.74% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Orangeburg, South Carolina
In Orangeburg, 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 local 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 Orangeburg, 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 Orangeburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Orangeburg is $1939 in the 29116 zip code, while the lowest is $490 in the 29107 zip code.
Property Tax Assessment Values Across Orangeburg, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Orangeburg Assessed Value
$58,970
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29018 | $235,420 | $235,420 | $235,420 | $235,420 | $235,420 |
| 29107 | $64,200 | $64,200 | $64,200 | $64,200 | $64,200 |
| 29115 | $4,060 | $10,700 | $44,970 | $87,890 | $144,583 |
| 29116 | $65,920 | $65,920 | $65,920 | $65,920 | $65,920 |
| 29118 | $7,690 | $27,940 | $108,110 | $165,142 | $248,031 |
Source: Ownwell
Property Tax Bills Across Orangeburg, South Carolina
In Orangeburg, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Orangeburg is $58,970. Tax rates are applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Orangeburg can expect varying tax bills. The 25th percentile tax bill is around $320, while the 75th percentile tax bill rises to $1,392. At the 90th percentile, homeowners might pay up to $2,211. The highest median tax bill in the area is $1,939 in the 29116 zip code, whereas the lowest is $490 in the 29107 zip code. These property taxes fund essential community services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents. Comparing to the national median property tax rate of 0.99%, Orangeburg residents experience a diverse range of tax obligations based on their property's value and location within the county.
Average Orangeburg Tax Bill
$766
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29018 | $1,759 | $1,759 | $1,759 | $1,759 | $1,759 |
| 29107 | $490 | $490 | $490 | $490 | $490 |
| 29115 | $121 | $267 | $651 | $1,337 | $2,071 |
| 29116 | $1,939 | $1,939 | $1,939 | $1,939 | $1,939 |
| 29118 | $197 | $498 | $933 | $1,500 | $2,497 |
Source: Ownwell