Orangeburg, South Carolina Property Taxes
The median property tax rate in Orangeburg, SC is 0.60%, considerably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Orangeburg at $40,950, the typical annual property tax bill reaches $244, significantly below the national median of $2,690. Property taxes in Orangeburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Orangeburg'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 Orangeburg 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
Orangeburg, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$246
$228
Ownwell’s Orangeburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orangeburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orangeburg 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 Orangeburg, South Carolina
Property taxes in Orangeburg, South Carolina, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orangeburg is 0.60%, lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Orangeburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orangeburg 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 Orangeburg's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29118 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Orangeburg provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orangeburg Tax Rate
0.60%
Average Calhoun County Tax Rate
0.54%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29118 | 0.26% | 0.46% | 0.60% | 1.51% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Orangeburg, South Carolina
In Orangeburg, 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 Calhoun County Appraisal District 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. Being aware of these valuation processes in Orangeburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 29118 has the highest and lowest median tax bill of $244.
Property Tax Assessment Values Across Orangeburg, South Carolina
Source: Ownwell
$40,950
$99,725
$158,500
Average Orangeburg Assessed Value
$40,950
Average Calhoun County Assessed Value
$64,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29118 | $5,100 | $13,025 | $40,950 | $89,450 | $168,425 |
Source: Ownwell
Property Tax Bills Across Orangeburg, South Carolina
In Orangeburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Orangeburg is $40,950, significantly lower than the national median. Property taxes in this area can vary widely. For instance, the 25th percentile tax bill is $121, while the 75th percentile tax bill is $540, and the 90th percentile tax bill reaches $981. These tax bills are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in Orangeburg's 29118 zip code experience a median tax bill of $244, which is also the highest and lowest median tax bill in the area, indicating a consistent rate across different properties. Understanding how these factors interplay is crucial for homeowners, as property taxes can significantly impact annual expenses. Lower property values in Orangeburg contribute to generally lower tax bills compared to national averages, providing some financial relief to homeowners in this region.
Average Orangeburg Tax Bill
$244
Average Calhoun County Tax Bill
$366
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Orangeburg, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29118 | $80 | $121 | $244 | $540 | $981 |
Source: Ownwell