Holly Hill, South Carolina Property Taxes
The median property tax rate in Holly Hill, SC is 0.86%, slightly lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Holly Hill, the typical annual property tax bill reaches $595, which is significantly below the national median of $2,690. Property taxes in Holly Hill 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 Holly Hill'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 Holly Hill 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
Holly Hill, 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 HOLLY HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HOLLY HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HOLLY HILL 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 Holly Hill, South Carolina
Property taxes in Holly Hill, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holly Hill is 0.86%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Holly Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holly Hill 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 Holly Hill's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29059 zip code has the highest median property tax rate of 0.86%, while it also has the lowest median tax rate of 0.86%. Understanding how these cities compare with Holly Hill provides valuable insights into the varying tax landscape across Orangeburg County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holly Hill Tax Rate
0.86%
Average Orangeburg County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holly Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29059 | 0.37% | 0.69% | 0.86% | 2.41% | 2.47% |
Source: Ownwell
Property Tax Assessment Values Across Holly Hill, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Holly Hill, 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 Orangeburg 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 Holly Hill, 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 Holly Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Holly Hill is $39,265, with tax bills ranging from $214 at the 25th percentile to $2,098 at the 90th percentile. The highest and lowest median tax bills are both $595 in the 29059 zip code.
Property Tax Assessment Values Across Holly Hill, South Carolina
Source: Ownwell
$22,130
$128,775
$235,420
Average Holly Hill Assessed Value
$39,265
Average Orangeburg County Assessed Value
$41,835
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holly Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29059 | $3,818 | $9,100 | $39,265 | $102,672 | $181,259 |
Source: Ownwell
Property Tax Bills Across Holly Hill, South Carolina
In Holly Hill, 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 Holly Hill is $39,265. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as property location within Orangeburg County, property type, and any applicable exemptions or deductions also play a role in the final tax bill. Homeowners in Holly Hill experience varying tax bills, with the 25th percentile paying around $214 and the 75th percentile paying up to $1,284. The 90th percentile sees tax bills as high as $2,098. These variations can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. For example, the highest median tax bill in the area is $595, which can be considered moderate when compared to national figures. Understanding how these factors come together helps homeowners anticipate their yearly financial obligations.
Average Holly Hill Tax Bill
$595
Average Orangeburg County Tax Bill
$620
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Holly Hill, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29059 | $102 | $214 | $595 | $1,284 | $2,098 |
Source: Ownwell