Lincolnville, South Carolina Property Taxes
The median property tax rate in Lincolnville, SC is 1.68%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Lincolnville, the typical annual property tax bill reaches $491, which is below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Lincolnville'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 Lincolnville or another part of Charleston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lincolnville, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$426
Ownwell’s Lincolnville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lincolnville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lincolnville 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 Lincolnville, South Carolina
Property taxes in Lincolnville, South Carolina, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Lincolnville is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lincolnville set these rates annually, and they can vary across different neighborhoods. Each year, Lincolnville 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 Lincolnville's effective property tax rate to other areas in Charleston County and the national median. For comparison, the zip code 29485 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these figures compare with Lincolnville provides valuable insights into the varying tax landscape across Charleston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lincolnville Tax Rate
1.68%
Average Charleston County Tax Rate
0.53%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lincolnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29485 | 0.38% | 0.74% | 1.68% | 2.00% | 7.50% |
Source: Ownwell
Property Tax Assessment Values Across Lincolnville, South Carolina
In Lincolnville, 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 Charleston 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. In Lincolnville, 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 Lincolnville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Lincolnville is $491.00 in the 29485 zip code, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Lincolnville, South Carolina
Source: Ownwell
$2,700
$2,101,350
$4,200,000
Average Lincolnville Assessed Value
$25,350
Average Charleston County Assessed Value
$305,700
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lincolnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29485 | $15,800 | $20,000 | $25,350 | $171,550 | $305,100 |
Source: Ownwell
Property Tax Bills Across Lincolnville, South Carolina
In Lincolnville, Charleston County, SC, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is usually a percentage of the property's market value. Once the assessed value is established, local tax rates, known as millage rates, are applied to calculate the tax bill. These rates can vary depending on the specific needs and budget requirements of the local government, schools, and other public services. Homeowners in Lincolnville experience a range of property tax bills. At the 25th percentile, the tax bill is around $337, while at the 75th percentile, it rises to $1,726. For those at the 90th percentile, the tax bill can be as high as $4,345. This variability means that homeowners with properties of higher assessed values will face significantly larger tax bills. Compared to the national median property tax rate of 0.99%, Lincolnville's rates reflect the specific economic and budgetary needs of Charleston County.
Average Lincolnville Tax Bill
$491
Average Charleston County Tax Bill
$1,751
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Lincolnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29485 | $271 | $337 | $491 | $1,726 | $4,345 |
Source: Ownwell