Rembert, South Carolina Property Taxes
The median property tax rate in Rembert, SC, is 1.94%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $10,000 in Rembert, the typical annual property tax bill amounts to $146, which is lower than the national median of $2,690. Property taxes in Rembert are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Rembert'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 Rembert 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
Rembert, 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 Rembert Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers aiming to estimate their annual property taxes in Rembert. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Rembert to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Rembert, South Carolina
Property taxes in Rembert, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rembert is 1.94%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Rembert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rembert 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 Rembert's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29128 zip code has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with Rembert provides valuable insights into the varying tax landscape across Sumter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rembert Tax Rate
1.94%
Average Sumter County Tax Rate
1.06%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | 0.39% | 0.69% | 1.94% | 1.98% | 2.33% |
Source: Ownwell
Property Tax Assessment Values Across Rembert, South Carolina
In Rembert, 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 Sumter 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 Rembert, 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, homeowners in the 29128 zip code face the highest median tax bill of $146. 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 Rembert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rembert Assessed Value
$10,000
Average Sumter County Assessed Value
$37,792
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | $3,000 | $5,500 | $10,000 | $32,529 | $87,757 |
Source: Ownwell
Property Tax Bills Across Rembert, South Carolina
In Rembert, Sumter County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county assessor determines this assessed value, and local tax rates are then applied to calculate the annual tax bill. For instance, with a median home price of $10,000, homeowners can expect varying tax bills depending on their property's assessed value and the specific rates applied. Factors influencing the tax bill include the property's location, improvements made, and any applicable exemptions. In Rembert, the 25th percentile tax bill stands at $72, while the 75th percentile reaches $313, and the 90th percentile goes up to $786. This range shows how different factors can impact the final amount owed. Compared to the national median property tax rate of 0.99%, Rembert's rates can be relatively lower, offering some relief to homeowners. Understanding these elements helps homeowners anticipate their tax obligations and plan accordingly.
Average Rembert Tax Bill
$146
Average Sumter County Tax Bill
$351
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | $40 | $72 | $146 | $313 | $786 |
Source: Ownwell