Beaufort, South Carolina Property Taxes
The median property tax rate in Beaufort, SC is 0.84%, 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 $199,000 in Beaufort, the typical annual property tax bill amounts to $1,761, falling below the national median of $2,690. Property taxes in Beaufort 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 Beaufort'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 Beaufort or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaufort, 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 Beaufort Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaufort with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaufort 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 Beaufort, South Carolina
Property taxes in Beaufort, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaufort is 0.84%, which is below the U.S. national median of 0.99%. Local government entities within Beaufort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaufort 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 Beaufort's effective property tax rate to other areas in Beaufort County and the national median. For comparison, the 29906 zip code has the highest median property tax rate of 0.98%, while the 29907 zip code has the lowest median tax rate of 0.67%. Understanding how these areas compare with Beaufort provides valuable insights into the varying tax landscape across Beaufort County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaufort Tax Rate
0.84%
Average Beaufort County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaufort, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29901 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
| 29902 | 0.67% | 0.80% | 0.93% | 1.98% | 2.30% |
| 29906 | 0.58% | 0.78% | 0.98% | 1.82% | 2.05% |
| 29907 | 0.50% | 0.59% | 0.67% | 1.12% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Beaufort, South Carolina
In Beaufort, 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 Beaufort 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. 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. Beaufort's median home price stands at $199,000, with the highest median tax bill reaching $4,505 in the 29901 zip code and the lowest at $1,216 in the 29906 zip code. Being aware of these valuation processes in Beaufort helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beaufort, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average Beaufort Assessed Value
$199,000
Average Beaufort County Assessed Value
$278,200
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaufort, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29901 | $583,500 | $583,500 | $583,500 | $583,500 | $583,500 |
| 29902 | $87,000 | $144,900 | $209,100 | $317,950 | $504,820 |
| 29906 | $8,200 | $32,000 | $138,700 | $238,925 | $358,820 |
| 29907 | $57,500 | $171,950 | $255,850 | $394,800 | $620,000 |
Source: Ownwell
Property Tax Bills Across Beaufort, South Carolina
In Beaufort, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Beaufort can expect varying tax bills depending on their property's assessed value and applicable exemptions. For instance, the median home price in Beaufort is $199,000. Property tax bills can range significantly, with the 25th percentile at $931 and the 75th percentile reaching $3,090. The 90th percentile tax bill can be as high as $5,209. The highest median tax bill in the area is $4,505 in the 29901 zip code, while the lowest median tax bill is $1,216 in the 29906 zip code. These property tax bills impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, Beaufort's rates can be a significant factor in the cost of owning a home in this scenic South Carolina locale.
Average Beaufort Tax Bill
$1,761
Average Beaufort County Tax Bill
$2,400
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaufort, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29901 | $4,505 | $4,505 | $4,505 | $4,505 | $4,505 |
| 29902 | $972 | $1,521 | $2,298 | $3,722 | $6,045 |
| 29906 | $100 | $283 | $1,216 | $2,305 | $4,250 |
| 29907 | $244 | $1,108 | $1,838 | $3,219 | $5,409 |
Source: Ownwell