Lodge, South Carolina Property Taxes
The median property tax rate in Lodge, SC is 1.30%, 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 Lodge at $83,400, the typical annual property tax bill reaches $710, which is below the national median of $2,690. Property taxes in Lodge are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lodge'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 Lodge 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
Lodge, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,084
Ownwell’s Lodge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lodge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lodge 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 Lodge, South Carolina
Property taxes in Lodge, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lodge is 0.57%, which is lower than both the South Carolina state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Lodge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lodge 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 Lodge's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29082 zip code has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Lodge provides valuable insights into the varying tax landscape across Bamberg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lodge Tax Rate
1.30%
Average Bamberg County Tax Rate
1.40%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lodge, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29082 | 0.21% | 1.21% | 1.30% | 1.36% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Lodge, South Carolina
In Lodge, 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 Bamberg County Assessor's Office 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 Lodge, 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 Lodge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in the area is 29082, with a median tax bill of $710.
Average Lodge Assessed Value
$83,400
Average Bamberg County Assessed Value
$35,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lodge, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29082 | $3,500 | $51,000 | $83,400 | $162,800 | $205,360 |
Source: Ownwell
Property Tax Bills Across Lodge, South Carolina
Property tax bills in Lodge, located in Bamberg County, SC, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and is typically a percentage of the property's market value. For instance, if the median home price in Lodge is $83,400, the assessed value would be a portion of this amount, depending on the assessment ratio used by the county. The local tax rate is then applied to the assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Lodge can expect a wide range of property tax bills, with the 25th percentile at $369 and the 90th percentile reaching up to $1,332. Compared to the national median property tax rate of 0.99%, these figures provide a perspective on how property taxes in Lodge can vary significantly, impacting homeowners differently based on their property's assessed value.
Average Lodge Tax Bill
$710
Average Bamberg County Tax Bill
$391
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Lodge, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29082 | $81 | $369 | $710 | $1,007 | $1,332 |
Source: Ownwell