Edisto Island, Colleton County, South Carolina Property Taxes
Median Edisto Island, SC effective property tax rate: 1.84%, significantly higher than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Edisto Island, SC home value: $402,000
Median annual Edisto Island, SC tax bill: $5,749, $3,349 higher than the national median property tax bill of $2,400.
How are property taxes in Colleton calculated?
Property taxes in Edisto Island, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Edisto Island’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Edisto Island, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Edisto Island, Colleton County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.84%
Estimate Property Tax Bill
$7,397
$6,864
Property Tax Rates Across Edisto Island, Colleton County, South Carolina
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Edisto Island in Colleton County, South Carolina, has an effective property tax rate of 1.84%, which is notably higher than the national median rate of 1.02%. This rate is consistent across the region, with both the highest and lowest median tax rates recorded at 1.84% in the 29438 ZIP code. Comparatively, the national median property tax bill is $2,400, suggesting that property owners in Edisto Island may face higher tax bills relative to many other areas across the country. Understanding these rates can help property owners make informed decisions about their investments and potential savings through tax appeal and exemption services.
Property Tax Rates Across Edisto Island, Colleton County, South Carolina
Source: Ownwell
1.84%
1.84%
1.84%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Edisto Island Tax Rate
1.84%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Colleton County Tax Rate
0.99%
Median Effective South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Edisto Island, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29438 | 0.60% | 0.79% | 1.84% | 1.86% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Edisto Island, Colleton County, South Carolina
When examining property taxes in Edisto Island, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Colleton County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes, or the amount multiplied by your tax rate to get your tax bill.
In Colleton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Edisto Island. For example, the median home price in Edisto Island is $402,000, with tax bills ranging significantly across the county. Zip code 29438 has the highest median home price at $402,000.
Property Tax Assessment Values Across Edisto Island, Colleton County, South Carolina
Source: Ownwell
$402,000
$402,000
$402,000
Median Edisto Island Market Value
$402,000
Median Colleton County Market Value
$59,700
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Edisto Island, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29438 | $200,500 | $301,500 | $402,000 | $611,275 | $941,900 |
Source: Ownwell
Property Tax Bills Across Edisto Island, Colleton County, South Carolina
Property Tax Bills Across Edisto Island, Colleton County, South Carolina
Source: Ownwell
$5,749
$5,749
$5,749
Median Edisto Island Tax Bill
$5,749
Median Colleton County Tax Bill
$510
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Edisto Island, Colleton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29438 | $1,671 | $3,379 | $5,749 | $8,814 | $14,814 |
Source: Ownwell