Pineland, South Carolina Property Taxes
The median property tax rate in Pineland, SC is 0.99%, aligning with the national median of 0.99% and higher than the South Carolina state median of 0.72%. With the median home value in Pineland at $13,000, the typical annual property tax bill is $404, significantly lower than the national median of $2,690. Property taxes in Pineland 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 Pineland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pineland or another part of Hampton County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pineland, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.99%
Estimate Property Tax Bill
$129
Ownwell’s Pineland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pineland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pineland 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 Pineland, South Carolina
Property taxes in Pineland, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pineland is 0.55%, significantly lower than both the South Carolina state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Pineland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pineland 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 Pineland's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29934 zip code has the highest median property tax rate of 0.55%, while the 29934 zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Pineland provides valuable insights into the varying tax landscape across Hampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pineland Tax Rate
0.99%
Average Hampton County Tax Rate
1.01%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pineland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29934 | 0.42% | 0.73% | 0.99% | 2.98% | 3.01% |
Source: Ownwell
Property Tax Assessment Values Across Pineland, South Carolina
In Pineland, 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 Hampton 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 Pineland, 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 Pineland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29934 has both the highest and lowest median tax bills, each at $404.
Average Pineland Assessed Value
$13,000
Average Hampton County Assessed Value
$23,800
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pineland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29934 | $2,000 | $5,625 | $13,000 | $48,775 | $144,752 |
Source: Ownwell
Property Tax Bills Across Pineland, South Carolina
In Pineland, located in Hampton County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. Homeowners in Pineland face varying tax bills, with the 25th percentile paying around $159 annually, while those in the 75th percentile pay approximately $1,053. At the higher end, the 90th percentile sees tax bills reaching up to $1,572. The median home price in Pineland is $13,000, which significantly impacts the overall tax bill. Compared to the national median property tax rate of 0.99%, Pineland's property taxes can be considered relatively modest. Factors such as property improvements, local tax rates, and exemptions also influence the final tax bill. These property taxes are crucial for funding local services like schools, infrastructure, and emergency services, directly affecting the quality of life for homeowners in Pineland.
Average Pineland Tax Bill
$404
Average Hampton County Tax Bill
$543
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pineland, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29934 | $94 | $159 | $404 | $1,053 | $1,572 |
Source: Ownwell