Ulmer, South Carolina Property Taxes
The median property tax rate in Ulmer, SC is 0.85%, 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 Ulmer at $63,700, the typical annual property tax bill is $621, which is significantly lower than the national median of $2,690. Property taxes in Ulmer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ulmer'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 Ulmer 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
Ulmer, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$541
Ownwell’s Ulmer Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ulmer with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ulmer to provide an estimated property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you plan your finances effectively. For more detailed insights, including neighborhood trends, scroll down to access localized information. The assessed value of your property, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ulmer, South Carolina
Property taxes in Ulmer, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ulmer is 0.85%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Ulmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulmer 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 Ulmer's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29849 zip code has both the highest and lowest median property tax rate of 0.85%. Understanding how these cities compare with Ulmer provides valuable insights into the varying tax landscape across Barnwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ulmer Tax Rate
0.85%
Average Barnwell County Tax Rate
0.86%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | 0.69% | 0.85% | 0.85% | 0.86% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Ulmer, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ulmer, South Carolina. 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 Barnwell 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 Ulmer, 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. For instance, the highest median tax bill in Ulmer is $621 in the 29849 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ulmer Assessed Value
$63,700
Average Barnwell County Assessed Value
$37,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | $4,900 | $29,750 | $63,700 | $171,650 | $237,460 |
Source: Ownwell
Property Tax Bills Across Ulmer, South Carolina
In Ulmer, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. For example, with a median home price of $63,700, the assessed value is determined by local tax assessors. The property tax rate in Ulmer is then applied to this assessed value to calculate the annual tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. Homeowners in Ulmer can expect their tax bills to vary. For instance, those at the 25th percentile pay around $466, while those at the 75th percentile face bills of approximately $1,533. The 90th percentile sees even higher bills, reaching up to $2,084. Compared to the national median property tax rate of 0.99%, Ulmer's rates can significantly impact homeowners' finances. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their budgets effectively.
Average Ulmer Tax Bill
$621
Average Barnwell County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | $321 | $466 | $621 | $1,533 | $2,084 |
Source: Ownwell