Surfside Beach, South Carolina Property Taxes
The median property tax rate in Surfside Beach, SC is 1.19%, higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Surfside Beach at $250,120, the typical annual property tax bill is $2,137, which is below the national median of $2,690. Property taxes in Surfside Beach are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Surfside 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 Surfside Beach 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
Surfside Beach, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$2,976
Ownwell’s Surfside Beach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Surfside Beach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Surfside Beach 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 Surfside Beach, South Carolina
Property taxes in Surfside Beach, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surfside Beach is 1.19%, higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Surfside Beach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surfside 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 Surfside Beach's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29575 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these areas compare with Surfside 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 Surfside Beach Tax Rate
1.19%
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 Surfside Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29575 | 0.34% | 0.44% | 1.19% | 1.39% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Surfside Beach, South Carolina
In Surfside 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'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 Surfside 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. Surfside Beach has a median home price of $250,120, and the median tax bill in the 29575 zip code is $2,137. 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 Surfside Beach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Surfside Beach, South Carolina
Source: Ownwell
$5,650
$209,880
$414,110
Average Surfside Beach Assessed Value
$250,120
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 Surfside Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29575 | $75,000 | $179,210 | $250,120 | $349,070 | $495,560 |
Source: Ownwell
Property Tax Bills Across Surfside Beach, South Carolina
In Surfside Beach, property tax bills are determined by considering both the assessed value of the property and the applicable tax rate. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $250,120, the tax bill can vary widely depending on the specific assessment and exemptions applied. Homeowners in Surfside Beach can expect their tax bills to range significantly, with the 25th percentile at $1,020 and the 75th percentile reaching $3,946. The highest tax bills, in the 90th percentile, can soar up to $6,230. These variations are influenced by multiple factors, including property size, location, and any applicable exemptions. The property tax rate in Horry County, where Surfside Beach is located, is competitive compared to the national median property tax rate of 0.99%. Understanding how these elements interact can help homeowners better anticipate their annual tax obligations and plan their finances accordingly.
Average Surfside Beach Tax Bill
$2,137
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 Surfside Beach, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29575 | $687 | $1,020 | $2,137 | $3,946 | $6,230 |
Source: Ownwell