Summerville, Dorchester County, South Carolina Property Taxes
The median property tax rate in Summerville, SC is 0.83%, slightly lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Summerville at $214,024, the typical annual property tax bill reaches $2,026, which is below the national median of $2,690. Property taxes in Summerville are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Summerville'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 Summerville 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
Summerville, Dorchester County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.83%
Estimate Property Tax Bill
$1,776
$1,648
Ownwell’s Summerville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Summerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Dorchester County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Summerville, Dorchester County, South Carolina
Property taxes in Summerville, 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 Summerville is 0.83%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Summerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerville 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 Summerville's effective property tax rate to other areas in Dorchester County and the national median. For comparison, the 29485 zip code has the highest median property tax rate of 0.93%, while the 29483 zip code has the lowest median tax rate of 0.82%. Understanding how these areas compare with Summerville provides valuable insights into the varying tax landscape across Dorchester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Summerville, Dorchester County, South Carolina
Source: Ownwell
0.82%
0.92%
1.02%
Average Summerville Tax Rate
0.83%
Average Dorchester County Tax Rate
0.84%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerville, Dorchester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | 0.27% | 0.73% | 0.82% | 1.09% | 2.48% |
| 29485 | 0.51% | 0.73% | 0.93% | 1.08% | 2.60% |
| 29486 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Summerville, Dorchester County, South Carolina
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Summerville, South Carolina. 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 Dorchester 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. 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. In Summerville, the zip code with the highest median tax bill is 29485 at $2,102, while the lowest is 29483 at $1,933. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Summerville, Dorchester County, South Carolina
Source: Ownwell
$188,773
$201,514
$214,255
Average Summerville Assessed Value
$214,024
Average Dorchester County Assessed Value
$202,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Summerville, Dorchester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | $90,497 | $140,428 | $213,652 | $296,486 | $385,026 |
| 29485 | $119,545 | $164,860 | $214,255 | $273,775 | $340,509 |
| 29486 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Summerville, Dorchester County, South Carolina
In Summerville, Dorchester County, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the home's market value. Summerville's property tax rate is compared to the national median rate of 0.99%, influencing the final tax bill homeowners receive. Factors such as the home's location within different zip codes can result in varying tax bills. For instance, the highest median tax bill in Summerville is $2,102 in zip code 29485, while the lowest is $1,933 in zip code 29483. Tax bills also vary widely, with the 25th percentile at $1,312 and the 75th percentile reaching $2,904, indicating a significant range based on property values and other local factors. Homeowners in Summerville need to consider these variations, as higher property values and specific zip codes can lead to higher tax obligations, impacting overall housing affordability and financial planning.
Property Tax Bills Across Summerville, Dorchester County, South Carolina
Source: Ownwell
$1,933
$2,077
$2,220
Average Summerville Tax Bill
$2,026
Average Dorchester County Tax Bill
$1,926
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerville, Dorchester County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29483 | $357 | $1,189 | $1,933 | $2,938 | $4,430 |
| 29485 | $595 | $1,431 | $2,102 | $2,877 | $4,465 |
| 29486 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell