Florence County, South Carolina Property Taxes
Median Florence County effective property tax rate: 0.45%, significantly lower than the national median of 1.02%. Median Florence County home value: $26,678. Median annual Florence County tax bill: $515, $1,885 lower than the national median property tax bill of $2,400.
How are property taxes in Florence County calculated?
Property taxes in Florence County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Florence or another part of Florence County, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Florence County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.45%
Estimate Property Tax Bill
$120
$111
Property Tax Rates Across Florence County, South Carolina
Local government entities are responsible for setting tax rates, which can differ significantly across a state. Each county annually estimates its budgetary needs to provide essential services and divides this by the total assessed value of all taxable properties in its jurisdiction. This calculation determines the property tax rate. Although votes and legislation play a role in establishing tax rates and budgets, this is essentially the annual process.
In Florence County, South Carolina, the effective property tax rate offers an interesting comparison to both other counties in the state and the national median property tax rate. With a median property tax rate of 0.45%, Florence County is significantly below the national median of 1.02%. This lower rate can be advantageous for property owners, offering potential savings on their annual tax bills. Within Florence County, Lake City has the highest median tax rate at 0.63%, while Timmonsville boasts the lowest at 0.42%. These variations highlight the importance of understanding local tax rates, as they can impact property expenses considerably.
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 Florence County Tax Rate
0.45%
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 South Carolina Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Florence County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coward | 0.16% | 0.31% | 0.31% | 1.92% | 1.93% |
| Effingham | 0.23% | 0.43% | 0.45% | 0.94% | 2.04% |
| Florence | 0.29% | 0.45% | 0.45% | 2.03% | 2.12% |
| Hemingway | 0.33% | 0.37% | 0.42% | 2.27% | 2.27% |
| Johnsonville | 0.18% | 0.36% | 0.37% | 2.24% | 2.27% |
| Lake City | 0.21% | 0.31% | 0.63% | 2.61% | 2.62% |
| Olanta | 0.14% | 0.31% | 0.31% | 1.93% | 1.94% |
| Owatonna | N/A | N/A | N/A | N/A | N/A |
| Pamplico | 0.19% | 0.42% | 0.43% | 2.12% | 2.15% |
| Scranton | 0.17% | 0.31% | 0.37% | 1.89% | 2.02% |
| Timmonsville | 0.14% | 0.26% | 0.42% | 1.75% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Florence County, South Carolina
When examining property taxes in Florence County, 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 Florence 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.
Assessment notices:
In Florence 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 Florence County. For example, the median tax bill in Florence County is $694, with tax bills ranging significantly across the county. Florence has the highest median home price at $88,444.
Property Tax Assessment Values Across Florence County, South Carolina
Source: Ownwell
$26,773
$71,107
$115,440
Median Florence County Market Value
$26,678
Median South Carolina Market Value
$140,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Florence County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coward | $3,236 | $9,155 | $28,134 | $76,968 | $128,198 |
| Effingham | $4,856 | $14,790 | $49,908 | $124,634 | $190,186 |
| Florence | $6,000 | $23,165 | $88,444 | $163,540 | $261,270 |
| Hemingway | $3,070 | $6,986 | $26,773 | $62,262 | $122,101 |
| Johnsonville | $4,435 | $12,854 | $39,545 | $81,421 | $142,484 |
| Lake City | $4,080 | $14,087 | $40,276 | $73,591 | $129,045 |
| Olanta | $6,548 | $18,830 | $48,900 | $78,410 | $127,714 |
| Owatonna | N/A | N/A | N/A | N/A | N/A |
| Pamplico | $4,400 | $13,960 | $43,912 | $83,656 | $139,352 |
| Scranton | $3,901 | $10,253 | $31,492 | $72,156 | $126,475 |
| Timmonsville | $3,697 | $11,642 | $36,602 | $86,836 | $161,627 |
Source: Ownwell
Property Tax Bills Across Florence County, South Carolina
Median Florence County Tax Bill
$515
Median South Carolina Tax Bill
$1,086
Median United States Tax Bill
$2,400
Property Tax Bills Across Florence County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Coward | $33 | $81 | $210 | $479 | $1,178 |
| Effingham | $69 | $191 | $444 | $814 | $1,321 |
| Florence | $163 | $386 | $694 | $1,257 | $2,120 |
| Hemingway | $51 | $103 | $308 | $696 | $1,245 |
| Johnsonville | $47 | $124 | $293 | $661 | $1,218 |
| Lake City | $60 | $154 | $401 | $868 | $1,510 |
| Olanta | $46 | $117 | $238 | $545 | $1,176 |
| Owatonna | N/A | N/A | N/A | N/A | N/A |
| Pamplico | $49 | $134 | $308 | $633 | $1,145 |
| Scranton | $34 | $94 | $236 | $555 | $1,167 |
| Timmonsville | $37 | $107 | $269 | $655 | $1,230 |
Source: Ownwell