Barnwell County Property Taxes
The median property tax rate in Barnwell County is 0.86%, which is lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With a median home value of $37,200 in Barnwell County, the typical annual property tax bill is $366, significantly below the national median of $2,690. Property taxes in Barnwell County are calculated based on the tax assessed value, which is often less than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding the specifics of Barnwell County's property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in the city of Barnwell or another part of the county, having a thorough knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barnwell County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$320
$297
Ownwell’s Barnwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Barnwell with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Barnwell to estimate your property tax bill. This insight 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 Barnwell County, South Carolina
Property taxes in Barnwell play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Barnwell is 0.86%, which is lower than the U.S. national median of 0.99%. Local government entities within Barnwell set these rates annually, and they can vary significantly between different areas within the county. Each year, Barnwell 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 Barnwell's effective property tax rate with other regions and the national median. For comparison, the city of Martin has one of the higher property tax rates in the region at 2.52%, while the city of Olar boasts one of the lowest at 0.82%. Analyzing how Barnwell's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Barnwell County Tax Rate
0.86%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnwell County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnwell | 0.40% | 0.71% | 0.85% | 2.47% | 2.68% |
| Blackville | 0.40% | 0.82% | 0.91% | 2.59% | 2.77% |
| Elko | 0.43% | 0.76% | 0.84% | 2.40% | 2.54% |
| Hilda | 0.64% | 0.94% | 1.43% | 1.93% | 2.22% |
| Martin | 0.82% | 0.85% | 2.52% | 2.63% | 2.72% |
| Olar | 0.28% | 0.47% | 0.82% | 0.85% | 2.52% |
| Ulmer | 0.69% | 0.85% | 0.85% | 0.86% | 1.70% |
| Williston | 0.43% | 0.78% | 0.88% | 2.51% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Barnwell County, South Carolina
In Barnwell 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 Barnwell 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 Barnwell 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. Being aware of these valuation processes in Barnwell County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Barnwell County, Ulmer has the highest median tax bill at $621, while Elko has the lowest at $269. This range highlights the importance of understanding your property's assessed value and exploring potential exemptions.
Property Tax Assessment Values Across Barnwell County, South Carolina
Source: Ownwell
$15,250
$39,475
$63,700
Average Barnwell County Assessed Value
$37,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barnwell County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Barnwell | $3,600 | $11,200 | $45,400 | $107,300 | $174,660 |
| Blackville | $2,700 | $7,025 | $27,950 | $61,865 | $123,790 |
| Elko | $2,620 | $5,850 | $27,100 | $61,350 | $116,380 |
| Hilda | $11,968 | $25,570 | $48,240 | $83,370 | $104,448 |
| Martin | $1,100 | $6,450 | $15,250 | $30,875 | $41,850 |
| Olar | $2,410 | $10,900 | $40,200 | $91,225 | $182,190 |
| Ulmer | $4,900 | $29,750 | $63,700 | $171,650 | $237,460 |
| Williston | $3,680 | $10,600 | $36,600 | $93,600 | $166,440 |
Source: Ownwell
Property Tax Bills Across Barnwell County, South Carolina
In Barnwell County, 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 Barnwell County is $37,200. Tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location and any applicable exemptions. For instance, the tax bill at the 25th percentile is $143, while at the 75th percentile, it rises to $885. At the 90th percentile, homeowners might pay up to $1,457 annually. Cities within the county also show variations in tax bills. Ulmer has the highest median tax bill at $621, whereas Elko has the lowest at $269. Compared to the national median property tax rate of 0.99%, Barnwell County's rates can be both advantageous and challenging, depending on individual circumstances. These property taxes significantly impact homeowners' budgets, influencing decisions on property investments and homeownership.
Average Barnwell County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690