Hamer, South Carolina Property Taxes
The median property tax rate in Hamer, SC is 2.07%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Hamer, the typical annual property tax bill reaches $224, which is well below the national median of $2,690. Property taxes in Hamer 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 Hamer'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 Hamer or another part of Dillon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hamer, 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 Hamer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamer 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 Hamer, South Carolina
Property taxes in Hamer, 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 Hamer is 2.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hamer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamer 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 Hamer's effective property tax rate to other areas in South Carolina and the national median. For comparison, the 29547 zip code has both the highest and lowest median property tax rate of 2.07%. Understanding how these areas compare with Hamer provides valuable insights into the varying tax landscape across Dillon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamer Tax Rate
2.07%
Average Dillon County Tax Rate
2.15%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29547 | 1.18% | 1.76% | 2.07% | 4.21% | 7.00% |
Source: Ownwell
Property Tax Assessment Values Across Hamer, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hamer, 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 Dillon County 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 Hamer, 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 Hamer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Hamer is 29547, with a median tax bill of $224.00. Understanding these figures can help property owners make informed decisions about their property taxes.
Average Hamer Assessed Value
$8,649
Average Dillon County Assessed Value
$19,512
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hamer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29547 | $2,099 | $4,902 | $8,649 | $16,946 | $38,145 |
Source: Ownwell
Property Tax Bills Across Hamer, South Carolina
In Hamer, located in Dillon County, SC, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the final amount, including the property's location, its assessed value, and any applicable exemptions or deductions. For homeowners in Hamer, the median home price is $8,649. Property tax bills can vary significantly, with the 25th percentile paying around $171 and the 75th percentile paying about $323. At the higher end, the 90th percentile sees bills of up to $821. The highest and lowest median tax bills in the area are both $224, found in the zip code 29547. Compared to the national median property tax rate of 0.99%, Hamer's property taxes can be relatively manageable, but they still represent a significant expense for homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Hamer Tax Bill
$224
Average Dillon County Tax Bill
$372
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29547 | $88 | $171 | $224 | $323 | $821 |
Source: Ownwell