Seabrook, South Carolina Property Taxes
The median property tax rate in Seabrook, SC is 0.98%, just below the national median of 0.99% but significantly higher than the South Carolina state median of 0.72%. With a median home value in Seabrook of $81,100, the typical annual property tax bill amounts to $657, which is well below the national median of $2,690. Property taxes in Seabrook are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Seabrook'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 Seabrook or another part of Beaufort County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seabrook, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$795
Ownwell’s Seabrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seabrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seabrook 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 Seabrook, South Carolina
Property taxes in Seabrook, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seabrook is 0.98%, slightly below the U.S. national median of 0.99%. Local government entities within Seabrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seabrook 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 Seabrook's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29940 zip code has both the highest and lowest median property tax rate of 0.98%. Understanding how these cities compare with Seabrook 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 Seabrook Tax Rate
0.98%
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 Seabrook, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29940 | 0.42% | 0.65% | 0.98% | 1.61% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Seabrook, South Carolina
In Seabrook, 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. In Seabrook, 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 Seabrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Seabrook is $81,100, with tax bills ranging from $211 at the 25th percentile to $4,108 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 29940, with a median tax bill of $657.
Property Tax Assessment Values Across Seabrook, South Carolina
Source: Ownwell
$24,200
$838,625
$1,653,050
Average Seabrook Assessed Value
$81,100
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 Seabrook, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29940 | $8,100 | $22,900 | $81,100 | $233,450 | $464,190 |
Source: Ownwell
Property Tax Bills Across Seabrook, South Carolina
In Seabrook, located in Beaufort County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $81,100, the assessed value is determined by applying the county's assessment ratio. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Homeowners in Seabrook experience a range of tax bills, with the 25th percentile paying around $211, while those in the 75th percentile face bills of up to $1,997. The highest tax bills can reach $4,108, reflecting the variability based on property values and specific exemptions. Compared to the national median property tax rate of 0.99%, Seabrook's property tax rates offer a diverse range of financial impacts on homeowners, influencing their annual budgeting and long-term financial planning.
Average Seabrook Tax Bill
$657
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 Seabrook, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29940 | $95 | $211 | $657 | $1,997 | $4,108 |
Source: Ownwell