Darlington, South Carolina Property Taxes
The median property tax rate in Darlington, SC is 1.00%, slightly higher than the national median of 0.99% and significantly above the South Carolina state median of 0.72%. With the median home value in Darlington at $48,000, the typical annual property tax bill amounts to $459, which is notably lower than the national median of $2,690. Property taxes in Darlington 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 Darlington'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 Darlington 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
Darlington, 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 Darlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Darlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Darlington 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 Darlington, South Carolina
Property taxes in Darlington, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Darlington is 1.00%, which is higher than the U.S. national median of 0.99%. Local government entities within Darlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Darlington 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 Darlington's effective property tax rate to other regions and the national median. For comparison, the 29532 zip code has both the highest and lowest median property tax rate of 1.00%. Understanding how these areas compare with Darlington provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Darlington Tax Rate
1.00%
Average Darlington County Tax Rate
1.00%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Darlington, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29532 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
| 29540 | 1.00% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Darlington, South Carolina
In Darlington, 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 Darlington, 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 Darlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, in the 29532 zip code, the median tax bill is $469, while in the 29540 zip code, it is $434. This knowledge can aid in making informed decisions about property investments and tax appeals.
Property Tax Assessment Values Across Darlington, South Carolina
Source: Ownwell
$34,400
$150,300
$266,200
Average Darlington Assessed Value
$48,000
Average Darlington County Assessed Value
$53,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Darlington, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29532 | $5,800 | $17,900 | $49,750 | $105,775 | $177,100 |
| 29540 | $5,300 | $14,600 | $44,500 | $91,600 | $178,920 |
Source: Ownwell
Property Tax Bills Across Darlington, South Carolina
In Darlington, SC, property tax bills are calculated based on the assessed value of a home, typically a percentage of its market value. For instance, with a median home price of $48,000, the assessed value forms the foundation for determining the tax bill. Local tax rates are then applied to this assessed value. Various factors such as property location, improvements, and market conditions influence the final amount. Homeowners in Darlington experience a range of tax bills. The 25th percentile tax bill is around $170, while the 75th percentile tax bill climbs to $964. For those at the higher end, the 90th percentile tax bill can reach up to $1,684. The highest median tax bill in Darlington is $469 in zip code 29532, contrasting with the lowest median tax bill of $434 in zip code 29540. These property taxes impact homeowners' annual budgets, with rates in Darlington often lower than the national median property tax rate of 0.99%, providing some relief in comparison to other regions.
Average Darlington Tax Bill
$459
Average Darlington County Tax Bill
$513
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Darlington, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29532 | $57 | $175 | $469 | $998 | $1,700 |
| 29540 | $53 | $146 | $434 | $848 | $1,537 |
Source: Ownwell