Bamberg County Property Taxes
The median property tax rate in Bamberg County is 1.40%, which is significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Bamberg County, the typical annual property tax bill reaches $391, which is notably lower than the national median of $2,690. Property taxes in Bamberg County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Bamberg County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bamberg or another part of Bamberg County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bamberg County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$491
$456
Ownwell’s Bamberg County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Bamberg County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Bamberg County to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Bamberg County, South Carolina
Property taxes in Bamberg County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Bamberg County is 1.40%, which is higher than the U.S. national median of 0.99%. Local government entities within Bamberg County set these rates annually, and they can vary significantly between different areas within the county. Each year, Bamberg County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Bamberg County's effective property tax rate with other areas. For comparison, the city of Bamberg has one of the higher property tax rates in the region at 1.48%, while the city of Blackville boasts one of the lowest at 1.25%. Analyzing how Bamberg County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Bamberg County Tax Rate
1.40%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bamberg County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bamberg | 0.23% | 0.70% | 1.48% | 2.64% | 4.07% |
| Blackville | 0.19% | 0.36% | 1.25% | 1.75% | 4.05% |
| Branchville | 0.21% | 0.49% | 1.32% | 1.69% | 3.89% |
| Denmark | 0.22% | 0.72% | 1.37% | 3.63% | 4.05% |
| Ehrhardt | 0.21% | 0.49% | 1.31% | 2.01% | 3.83% |
| Lodge | 0.21% | 1.21% | 1.30% | 1.36% | 2.30% |
| Olar | 0.21% | 0.45% | 1.36% | 3.65% | 4.09% |
| Smoaks | 0.18% | 0.40% | 1.36% | 1.73% | 4.48% |
Source: Ownwell
Property Tax Assessment Values Across Bamberg County, South Carolina
In Bamberg County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Bamberg County Appraisal District. The assessed value, however, 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. Assessment notices in Bamberg County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, median tax bills in Bamberg County vary significantly, with Lodge having the highest median tax bill at $710 and Blackville the lowest at $249. Being aware of these valuation processes in Bamberg County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Bamberg County, South Carolina
Source: Ownwell
$26,000
$54,700
$83,400
Average Bamberg County Assessed Value
$35,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bamberg County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bamberg | $4,000 | $14,300 | $39,600 | $73,900 | $134,880 |
| Blackville | $3,760 | $10,900 | $28,900 | $64,350 | $153,260 |
| Branchville | $5,580 | $16,000 | $43,900 | $85,500 | $139,320 |
| Denmark | $3,400 | $8,250 | $30,500 | $56,150 | $99,900 |
| Ehrhardt | $3,580 | $11,100 | $35,400 | $78,450 | $156,120 |
| Lodge | $3,500 | $51,000 | $83,400 | $162,800 | $205,360 |
| Olar | $3,120 | $6,860 | $26,000 | $57,600 | $103,900 |
| Smoaks | $4,000 | $9,100 | $38,800 | $59,300 | $95,800 |
Source: Ownwell
Property Tax Bills Across Bamberg County, South Carolina
In Bamberg County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the property's market value. Once the assessed value is established, various local tax rates, including those for schools, municipalities, and other public services, are applied to determine the final tax bill. Homeowners in Bamberg County experience a wide range of property tax bills. The 25th percentile tax bill is around $99, while the 75th percentile reaches $906, and the 90th percentile can be as high as $1,863. The highest median tax bill in the county is found in Lodge at $710, while Blackville has the lowest median tax bill at $249. These tax bills have a significant impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Bamberg County offers a relatively varied tax landscape, affecting homeowners differently depending on their property's assessed value and location within the county.
Average Bamberg County Tax Bill
$391
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Bamberg County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bamberg | $70 | $122 | $484 | $1,063 | $2,223 |
| Blackville | $70 | $70 | $249 | $669 | $1,326 |
| Branchville | $70 | $128 | $409 | $919 | $1,573 |
| Denmark | $70 | $95 | $319 | $783 | $1,621 |
| Ehrhardt | $70 | $83 | $415 | $977 | $1,823 |
| Lodge | $81 | $369 | $710 | $1,007 | $1,332 |
| Olar | $50 | $70 | $252 | $757 | $1,423 |
| Smoaks | $70 | $98 | $305 | $724 | $1,114 |
Source: Ownwell