Florence, Florence County, South Carolina Property Taxes

Name: Property Tax Bills Across Florence, Florence County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Florence, SC effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Florence, SC home value: $88,444
Median annual Florence, SC tax bill: $694, $1,706 lower than the national median property tax bill of $2,400.

How are property taxes in Florence calculated?

Property taxes in Florence, 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 Florence’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Florence, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Florence, Florence County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$398

$369

Ownwell’s Florence Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Florence with just two data points. By entering your property's estimated assessed value, our calculator applies Florence’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Florence County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Florence, Florence County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county's annual estimation of the budget required to provide services, which is then divided by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Florence County, South Carolina, the effective property tax rate in Florence is relatively low compared to other cities in the state and significantly below the national median. This low rate can be appealing to property owners seeking affordability in their property tax bills. With the median property tax rate in Florence County being one of the lowest in the state, residents benefit from lower property tax bills compared to the national median. This makes Florence an attractive location for those looking to minimize their property tax expenses while enjoying the services provided by the local government.

Property Tax Rates Across Florence, Florence County, South Carolina

Source: Ownwell

0.31%

0.47%

0.63%

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 Tax Rate

0.45%

Median Effective Florence County Tax Rate

0.45%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Florence, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29501	0.31%	0.45%	0.45%	2.03%	2.12%
29505	0.28%	0.45%	0.45%	0.45%	2.12%
29506	0.23%	0.45%	0.45%	2.04%	2.12%
29502	N/A	N/A	N/A	N/A	N/A
29503	N/A	N/A	N/A	N/A	N/A
29504	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Florence, Florence County, South Carolina

When examining property taxes in Florence, 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 Florence County Assessor 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 Florence County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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.

For example, the median home price in Florence is $88,444, with tax bills ranging significantly across the county. Zip code 29501 has the highest median home price at $115,440.

Property Tax Assessment Values Across Florence, Florence County, South Carolina

Source: Ownwell

$26,773

$71,107

$115,440

Median Florence Market Value

$88,444

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, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29501	$9,704	$49,618	$115,440	$207,337	$307,390
29505	$5,980	$28,829	$108,130	$162,454	$226,423
29506	$4,065	$12,777	$30,654	$78,374	$140,327
29502	N/A	N/A	N/A	N/A	N/A
29503	N/A	N/A	N/A	N/A	N/A
29504	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Florence, Florence County, South Carolina

In Florence, SC, property tax bills are determined by the assessed value of a home, which is a percentage of the market value, and the local tax rate. Homeowners in Florence face a median property tax bill of $858, which is significantly lower than the national median of $2400. However, bills can vary widely, with amounts ranging from $386 at the 25th percentile to $2120 at the 90th percentile. The highest median tax bill in the area is found in the 29501 zip code, while the lowest is in the 29506 zip code. Factors such as property size, location, and improvements can affect assessments, impacting tax bills. For homeowners looking to reduce their property tax burden, Ownwell offers expert services to appeal assessments and secure exemptions. By analyzing property data and leveraging local knowledge, Ownwell can help ensure that homeowners are not overpaying, potentially saving them a significant amount on their annual tax bills.

Property Tax Bills Across Florence, Florence County, South Carolina

Source: Ownwell

$210

$534

$858

Median Florence Tax Bill

$694

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, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29501	$262	$485	$858	$1,445	$2,351
29505	$193	$416	$660	$1,079	$1,977
29506	$71	$183	$415	$814	$1,500
29502	N/A	N/A	N/A	N/A	N/A
29503	N/A	N/A	N/A	N/A	N/A
29504	N/A	N/A	N/A	N/A	N/A

Source: Ownwell