Hemingway, Florence County, South Carolina Property Taxes

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

Median Hemingway, SC effective property tax rate: 0.42%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Hemingway, SC home value: $26,773
Median annual Hemingway, SC tax bill: $308, $2,092 lower than the national median property tax bill of $2,400.

How are property taxes in Florence calculated?

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

Last Updated March 1, 2025

Hemingway, Florence County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.42%

Estimate Property Tax Bill

$112

$104

Ownwell’s Hemingway Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hemingway with just two data points. By entering your property's estimated assessed value, our calculator applies Hemingway’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 Hemingway, Florence 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. Below, you can compare Hemingway's effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S. Hemingway, located in Florence County, presents an interesting case in property tax trends. The effective property tax rate here is significantly lower than the national median of 1.02%, highlighting a more favorable tax environment for property owners. This can be an attractive factor for potential homeowners and investors looking to minimize their tax burden. When compared to other regions across the country, Hemingway offers a competitive edge with its lower property tax rates. This aspect, combined with the charm and appeal of the area, makes it a compelling choice for those seeking a balanced and cost-effective living situation.

Property Tax Rates Across Hemingway, 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 Hemingway Tax Rate

0.42%

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 Hemingway, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29554	0.33%	0.37%	0.42%	2.27%	2.27%

Source: Ownwell

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

When examining property taxes in Hemingway, South Carolina, understanding the distinction between "market value" and "assessed value" is crucial. The market value represents 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 appraisal district 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 Hemingway.

For example, the median home price in Hemingway is $26,773, with tax bills ranging significantly across the county. Zip code 29554 has the highest median home price at $26,773.

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

Source: Ownwell

$26,773

$71,107

$115,440

Median Hemingway Market Value

$26,773

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 Hemingway, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29554	$3,070	$6,986	$26,773	$62,262	$122,101

Source: Ownwell

Property Tax Bills Across Hemingway, Florence County, South Carolina

In Hemingway, located in Florence County, SC, property tax bills are calculated based on the assessed value of the home, which is a percentage of the market value. With a median home price of $26,773, the property tax bill can vary significantly. For instance, the 25th percentile tax bill is $103, while the 75th percentile reaches $696. The highest median tax bill in the area is $308, which is notably lower than the national median property tax bill of $2,400. Factors such as property location and improvements can influence the assessed value and, consequently, the tax bill. Homeowners in Hemingway can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell offers expert property tax appeal services, potentially reducing tax bills by ensuring accurate assessments. By leveraging local market data and expertise, Ownwell helps homeowners navigate the complexities of property taxes, providing peace of mind and potential savings.

Property Tax Bills Across Hemingway, Florence County, South Carolina

Source: Ownwell

$210

$534

$858

Median Hemingway Tax Bill

$308

Median Florence County Tax Bill

$515

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Hemingway, Florence County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29554	$51	$103	$308	$696	$1,245

Source: Ownwell