Hartsville, South Carolina Property Taxes
The median property tax rate in Hartsville, SC is 0.47%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Hartsville, the typical annual property tax bill reaches just $28, far below the national median of $2,690. Property taxes in Hartsville 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 Hartsville'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 Hartsville or another part of Chesterfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hartsville, 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 Hartsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hartsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hartsville 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 Hartsville, South Carolina
Property taxes in Hartsville, South Carolina, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hartsville is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hartsville set these rates annually, and they can vary across different neighborhoods. Each year, Hartsville 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 Hartsville's effective property tax rate to other areas in Chesterfield County and the national median. For comparison, the 29550 zip code has the highest median property tax rate of 0.47%, while the same 29550 zip code also has the lowest median tax rate of 0.47%. Understanding how these areas compare with Hartsville provides valuable insights into the varying tax landscape across Chesterfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hartsville Tax Rate
0.47%
Average Chesterfield County Tax Rate
0.41%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hartsville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29550 | 0.21% | 0.41% | 0.47% | 0.47% | 0.47% |
Source: Ownwell
Property Tax Assessment Values Across Hartsville, South Carolina
In Hartsville, 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 Chesterfield 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 Hartsville, 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. For instance, the tax bill for the 25th percentile is $24, while the 75th percentile is $48, and the 90th percentile reaches $118. 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 Hartsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hartsville Assessed Value
$6,600
Average Chesterfield County Assessed Value
$6,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hartsville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29550 | $5,000 | $5,000 | $6,600 | $12,900 | $25,000 |
Source: Ownwell
Property Tax Bills Across Hartsville, South Carolina
In Hartsville, located in Chesterfield County, SC, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and applies an assessment ratio. For homeowners, this ratio is typically 4%. The resulting assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's market value, location, and any applicable exemptions. In Chesterfield County, the median home price is $6,600, which is significantly lower than the national median. Consequently, property taxes here are relatively modest. For instance, the tax bill at the 25th percentile is $24, while at the 75th percentile, it is $48. However, for higher-valued properties, the tax bill can reach up to $118 at the 90th percentile. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in Hartsville.
Average Hartsville Tax Bill
$28
Average Chesterfield County Tax Bill
$26
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hartsville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29550 | $15 | $24 | $28 | $48 | $118 |
Source: Ownwell