Elko, Barnwell County, South Carolina Property Taxes
Median Elko, SC effective property tax rate: 0.84%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Elko, SC home value: $27,100
Median annual Elko, SC tax bill: $269, $2,131 lower than the national median property tax bill of $2,400.
How are property taxes in Barnwell calculated?
Property taxes in Elko, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Elko’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Elko, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elko, Barnwell County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.84%
Estimate Property Tax Bill
$228
$211
Ownwell’s Elko Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elko with just two data points.
By entering your property's estimated assessed value, our calculator applies Elko’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Barnwell.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Elko, Barnwell County, South Carolina
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Elko’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Elko Taxx Rate
0.84%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Barnwell County Taxx Rate
0.86%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
0.99%
Property Tax Rates Across Elko, Barnwell County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29826 | 0.43% | 0.76% | 0.84% | 2.40% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Elko, Barnwell County, South Carolina
When examining property taxes in Elko, South Carolina, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Barnwell County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Barnwell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Elko. For example, the median home price in Elko is $27,100, with tax bills ranging significantly across the county. ZIP code 29826 has the highest median home price at $27,100.
Property Tax Assessment Values Across Elko, Barnwell County, South Carolina
Source: Ownwell
$15,250
$30,325
$45,400
Median Elko Market Value
$27,100
Median Barnwell County Market Value
$37,200
Median South Carolina Market Value
$140,000
Median United States Market Value
$244,900
Property Tax Assessment Values Across Elko, Barnwell County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29826 | $2,620 | $5,850 | $27,100 | $61,350 | $116,380 |
Source: Ownwell
Property Tax Bills Across Elko, Barnwell County, South Carolina
Median Elko Tax Bill
$269
Median Barnwell County Tax Bill
$366
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,690
Property Tax Bills Across Elko, Barnwell County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29826 | $52 | $116 | $269 | $641 | $903 |
Source: Ownwell