Pamplico, South Carolina Property Taxes
The median property tax rate in Pamplico, SC is 0.43%, significantly lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Pamplico at $43,912, the typical annual property tax bill is $308, well below the national median of $2,690. Property taxes in Pamplico are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pamplico's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Pamplico or another part of Florence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pamplico, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.43%
Estimate Property Tax Bill
$189
Ownwell’s Pamlico Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pamlico with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pamlico to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Pamplico, South Carolina
Property taxes in Pamplico, 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 Pamplico is 0.43%, which is significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Pamplico set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pamplico 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 Pamplico's effective property tax rate to other areas in Florence County and the national median. For comparison, the ZIP code 29583 has both the highest and lowest median property tax rate of 0.43%. Understanding how these figures compare with Pamplico provides valuable insights into the varying tax landscape across Florence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pamplico Tax Rate
0.43%
Average Florence County Tax Rate
0.45%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pamplico, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29583 | 0.19% | 0.42% | 0.43% | 2.12% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Pamplico, South Carolina
In Pamlico, South Carolina, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Florence County Appraisal District 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. In Pamlico, 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. Pamlico's median home price stands at $43,912, with tax bills ranging from $134 at the 25th percentile to $1,145 at the 90th percentile. The highest and lowest median tax bills are both $308 in the zip code 29583. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Pamlico helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pamplico Assessed Value
$43,912
Average Florence County Assessed Value
$26,678
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pamplico, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29583 | $4,400 | $13,960 | $43,912 | $83,656 | $139,352 |
Source: Ownwell
Property Tax Bills Across Pamplico, South Carolina
In Pamplico, property tax bills are calculated based on the assessed value of your home, which is determined by the Florence County Assessor's Office. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate your property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For homeowners in Pamplico, the median home price is $43,912. The property tax bills can vary significantly, with the 25th percentile tax bill at $134 and the 75th percentile reaching $633. At the 90th percentile, homeowners could see tax bills as high as $1,145. Comparatively, the median tax bill in Pamplico's zip code 29583 is $308. This relatively low tax bill can be beneficial for homeowners, making it more affordable to maintain property ownership in the area. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Pamplico Tax Bill
$308
Average Florence County Tax Bill
$515
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Pamplico, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29583 | $49 | $134 | $308 | $633 | $1,145 |
Source: Ownwell