Kingstree, South Carolina Property Taxes
The median property tax rate in Kingstree, SC is 1.72%, 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 Kingstree, the typical annual property tax bill reaches $195, which is significantly lower than the national median of $2,690. Property taxes in Kingstree are assessed based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kingstree'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 Kingstree 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
Kingstree, 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 KINGSTREE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in KINGSTREE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in KINGSTREE 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 Kingstree, South Carolina
Property taxes in Kingstree, 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 Kingstree is 0.5%, which is lower than both the South Carolina state median of 0.5% and the U.S. national median of 0.99%. Local government entities within Kingstree set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingstree 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 Kingstree's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29556 zip code has the highest median property tax rate of 0.5%, while the same 29556 zip code also has the lowest median tax rate of 0.5%. Understanding how these cities compare with Kingstree provides valuable insights into the varying tax landscape across Williamsburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingstree Tax Rate
1.72%
Average Williamsburg County Tax Rate
1.16%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingstree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29556 | 0.12% | 0.37% | 1.72% | 2.47% | 4.95% |
Source: Ownwell
Property Tax Assessment Values Across Kingstree, South Carolina
In Kingstree, 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 Kingstree, 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 Kingstree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kingstree is $17,200, with tax bills ranging from $121 at the 25th percentile to $999 at the 90th percentile. The highest and lowest median tax bills are both $195, found in the zip code 29556.
Average Kingstree Assessed Value
$17,200
Average Williamsburg County Assessed Value
$21,858
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingstree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29556 | $3,900 | $6,350 | $17,200 | $48,291 | $112,293 |
Source: Ownwell
Property Tax Bills Across Kingstree, South Carolina
Property tax bills in Kingstree, located in Williamsburg County, South Carolina, are determined by several key factors. The assessed value of a property is the primary basis, which is derived from the market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. In Kingstree, the median home price is $17,200, and property tax bills can vary significantly depending on the property's assessed value and applicable exemptions. For instance, the tax bill for the 25th percentile is $121, while for the 75th percentile, it is $437. Homeowners in the 90th percentile can expect to pay around $999. The highest and lowest median tax bills in the area are both $195, associated with the zip code 29556. Compared to the national median property tax rate of 0.99%, Kingstree's tax rates are relatively modest, making it an attractive option for homeowners seeking lower property tax obligations. This system ensures that property taxes are proportionate to property values, impacting homeowners based on their property's worth.
Average Kingstree Tax Bill
$195
Average Williamsburg County Tax Bill
$188
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingstree, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29556 | $37 | $121 | $195 | $437 | $999 |
Source: Ownwell