Atlantic Beach, South Carolina Property Taxes
The median property tax rate in Atlantic Beach, SC is 1.59%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Atlantic Beach at $130,000, the typical annual property tax bill reaches $2,212, which is still below the national median of $2,690. Property taxes in Atlantic Beach 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 Atlantic Beach'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 Atlantic Beach or another part of Horry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlantic Beach, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,067
Ownwell’s Atlantic Beach Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential owners looking to estimate their annual property taxes in Atlantic Beach. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Atlantic Beach to provide an accurate estimate of your property tax bill. This valuable resource helps you anticipate potential tax liabilities effectively. For those interested in more detailed trends on a neighborhood level, additional localized information is available below. Your property’s assessed value, determined by Horry County, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Atlantic Beach, South Carolina
Property taxes in Atlantic Beach, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlantic Beach is 1.59%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Atlantic Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlantic Beach 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 Atlantic Beach's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29582 zip code has both the highest and lowest median property tax rate of 1.59%. Understanding how these cities compare with Atlantic Beach provides valuable insights into the varying tax landscape across Horry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlantic Beach Tax Rate
1.59%
Average Horry County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlantic Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29582 | 0.62% | 0.90% | 1.59% | 1.82% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Atlantic Beach, South Carolina
In Atlantic Beach, 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 Horry County Assessor 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 Atlantic Beach, 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 Atlantic Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 25th percentile tax bill is $1,348, while the 75th percentile tax bill is $2,714. The highest and lowest median tax bills are both $2,212 in the 29582 zip code.
Property Tax Assessment Values Across Atlantic Beach, South Carolina
Source: Ownwell
$5,650
$209,880
$414,110
Average Atlantic Beach Assessed Value
$130,000
Average Horry County Assessed Value
$160,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlantic Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29582 | $77,628 | $106,490 | $130,000 | $173,960 | $247,106 |
Source: Ownwell
Property Tax Bills Across Atlantic Beach, South Carolina
In Atlantic Beach, SC, property tax bills are calculated based on the assessed value of the property, which is determined by the Horry County Assessor's Office. The assessed value is a percentage of the property's market value. Homeowners in Atlantic Beach can expect their property tax bills to vary significantly, with the 25th percentile tax bill around $1,348 and the 75th percentile reaching $2,714. For those in the 90th percentile, tax bills can be as high as $3,701. Several factors influence the property tax bill, including the property's location, size, and any improvements made. The local tax rate, as determined by the county, is applied to the assessed value to calculate the final tax amount. Compared to the national median property tax rate of 0.99%, Atlantic Beach homeowners may find their tax bills relatively moderate or higher, depending on their property's assessed value. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Atlantic Beach Tax Bill
$2,212
Average Horry County Tax Bill
$1,084
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlantic Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29582 | $718 | $1,348 | $2,212 | $2,714 | $3,701 |
Source: Ownwell