Ulmer, South Carolina Property Taxes
The median property tax rate in Ulmer, SC is 1.19%, 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 Ulmer at $18,300, the typical annual property tax bill reaches $304, which is significantly lower than the national median of $2,690. Property taxes in Ulmer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ulmer'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 Ulmer or another part of Allendale County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ulmer, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$218
$202
Ownwell’s ULMER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ULMER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ULMER 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 Ulmer, South Carolina
Property taxes in Ulmer, 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 Ulmer is 0.57%, which is lower than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Ulmer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulmer 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 Ulmer's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29849 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Ulmer provides valuable insights into the varying tax landscape across Allendale County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ulmer Tax Rate
1.19%
Average Allendale County Tax Rate
1.10%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | 0.79% | 0.82% | 1.19% | 2.88% | 3.12% |
Source: Ownwell
Property Tax Assessment Values Across Ulmer, South Carolina
In Ulmer, 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 Allendale 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 Ulmer, 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 Ulmer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $304 in the zip code 29849, which is also the lowest median tax bill, reflecting consistent property tax values across the region.
Average Ulmer Assessed Value
$18,300
Average Allendale County Assessed Value
$19,600
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | $2,080 | $6,500 | $18,300 | $37,200 | $71,320 |
Source: Ownwell
Property Tax Bills Across Ulmer, South Carolina
Property tax bills in Ulmer, located in Allendale County, South Carolina, are determined based on the assessed value of the property. The assessment rate in South Carolina is 4% for owner-occupied homes. This assessed value is then multiplied by the local millage rate to calculate the annual property tax bill. Homeowners in Ulmer, where the median home price is $18,300, can expect varying tax bills. The 25th percentile tax bill is around $106, while the 75th percentile tax bill reaches $629. At the 90th percentile, homeowners may see tax bills as high as $1,118. These property tax rates are relatively modest compared to the national median property tax rate of 0.99%. For instance, the highest median tax bill in Ulmer’s zip code 29849 is $304.00. These tax bills can significantly impact homeowners, influencing their overall housing costs and affordability. Lower property taxes can make homeownership more accessible, while higher taxes might strain household budgets.
Average Ulmer Tax Bill
$304
Average Allendale County Tax Bill
$221
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulmer, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29849 | $42 | $106 | $304 | $629 | $1,118 |
Source: Ownwell