Manning, South Carolina Property Taxes
The median property tax rate in Manning, SC is 1.86%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Manning, the typical annual property tax bill reaches $377, which is significantly lower than the national median of $2,690. Property taxes in Manning 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 Manning'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 Manning 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
Manning, 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 Manning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Manning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Manning 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 Manning, South Carolina
Property taxes in Manning, 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 Manning is 1.86%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Manning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Manning 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 Manning's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29102 has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these areas compare with Manning provides valuable insights into the varying tax landscape across Clarendon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Manning Tax Rate
1.86%
Average Clarendon County Tax Rate
1.84%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | 0.61% | 0.78% | 1.86% | 2.57% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Manning, South Carolina
In Manning, 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 Clarendon 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 Manning, 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 Manning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Manning is $33,900, with the highest and lowest median tax bills both recorded at $377 in the 29102 zip code.
Average Manning Assessed Value
$33,900
Average Clarendon County Assessed Value
$32,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | $6,000 | $11,700 | $33,900 | $64,425 | $109,352 |
Source: Ownwell
Property Tax Bills Across Manning, South Carolina
In Manning, located in Clarendon County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Manning is $33,900. The tax rate in this area is applied to the assessed value to determine the annual property tax bill. Factors such as property location, improvements, and exemptions also play a role in the final tax amount. Homeowners in Manning can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is around $199, while the 75th percentile tax bill reaches approximately $799. At the 90th percentile, the tax bill can go up to $1,738. The median tax bill in the zip code 29102 stands at $377. These variations highlight the importance of understanding how assessed values and applicable exemptions can impact overall property taxes. Comparing these figures to the national median property tax rate of 0.99% shows that Manning's property taxes can be relatively low, offering potential savings for homeowners.
Average Manning Tax Bill
$377
Average Clarendon County Tax Bill
$360
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Manning, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29102 | $123 | $199 | $377 | $799 | $1,738 |
Source: Ownwell