Mc Bee, South Carolina Property Taxes
The median property tax rate in McBee, SC is 1.00%, slightly above the national median of 0.99% and significantly higher than the South Carolina state median of 0.72%. With the median home value in McBee at $41,300, the typical annual property tax bill is $354, which is considerably lower than the national median of $2,690. Property taxes in McBee 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 McBee'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 McBee 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
Mc Bee, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$413
Ownwell’s MC BEE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC BEE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC BEE 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 Mc Bee, South Carolina
Property taxes in Mc Bee, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Bee is 1.00%, higher than the U.S. national median of 0.99%. Local government entities within Mc Bee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Bee 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 Mc Bee's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29101 zip code has the highest median property tax rate of 1.00%, while the same 29101 zip code also has the lowest median tax rate of 1.00%. Understanding how these cities compare with Mc Bee provides valuable insights into the varying tax landscape across Darlington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Bee 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 Mc Bee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29101 | 0.74% | 1.00% | 1.00% | 1.00% | 1.00% |
Source: Ownwell
Property Tax Assessment Values Across Mc Bee, South Carolina
In MC BEE, 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 Darlington 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 MC BEE, 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 MC BEE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29101 has the highest and lowest median tax bill at $354.00.
Average Mc Bee Assessed Value
$41,300
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 Mc Bee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29101 | $4,300 | $12,600 | $41,300 | $101,200 | $175,000 |
Source: Ownwell
Property Tax Bills Across Mc Bee, South Carolina
In McBee, located in Darlington County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in McBee is $41,300. Local tax rates are then applied to this assessed value to determine the annual tax bill. For instance, homeowners in McBee can expect a tax bill ranging from $116 at the 25th percentile to $1,519 at the 90th percentile. Several factors influence the final tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These tax bills impact homeowners by contributing to their overall housing costs, which can be a significant consideration for budgeting and financial planning. The highest and lowest median tax bills in McBee are both recorded at $354, reflecting a consistent tax rate within the area. Compared to the national median property tax rate of 0.99%, McBee offers a relatively affordable property tax environment for its residents.
Average Mc Bee Tax Bill
$354
Average Darlington County Tax Bill
$513
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Bee, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29101 | $43 | $116 | $354 | $830 | $1,519 |
Source: Ownwell