Hilda, South Carolina Property Taxes
The median property tax rate in Hilda, SC is 1.43%, significantly above both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Hilda, the typical annual property tax bill amounts to $296, which, while lower than the national median of $2,690, reflects the local economic conditions. Property taxes in Hilda are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hilda's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hilda or another part of Barnwell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hilda, 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 Hilda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hilda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hilda 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 Hilda, South Carolina
Property taxes in Hilda, South Carolina, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Hilda is 1.43%, significantly higher than both the South Carolina state median of 0.56% and the U.S. national median of 0.99%. Local government entities within Hilda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hilda 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 Hilda's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29813 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Hilda provides valuable insights into the varying tax landscape across Barnwell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hilda Tax Rate
1.43%
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 Hilda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29813 | 0.64% | 0.94% | 1.43% | 1.93% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Hilda, South Carolina
In Hilda, 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 Barnwell County Assessor 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 Hilda, 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 Hilda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Hilda are both $296, found in the zip code 29813.
Average Hilda Assessed Value
$48,240
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 Hilda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29813 | $11,968 | $25,570 | $48,240 | $83,370 | $104,448 |
Source: Ownwell
Property Tax Bills Across Hilda, South Carolina
In Hilda, Barnwell County, SC, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in Hilda stands at $48,240. Once the assessed value is determined, it is multiplied by the local property tax rate to calculate the tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners in Hilda, the property tax bills vary significantly. The 25th percentile tax bill is $183, while the 75th percentile reaches $408. At the 90th percentile, homeowners might pay up to $476. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Hilda's property taxes are relatively modest, offering some relief to homeowners. Understanding these calculations helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Hilda Tax Bill
$296
Average Barnwell County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hilda, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29813 | $115 | $183 | $296 | $408 | $476 |
Source: Ownwell