Georgetown County Property Taxes
The median property tax rate in Georgetown County is 0.91%, which is lower than the national median of 0.99% but still higher than the South Carolina state median of 0.72%. With a median home value of $155,000, the typical annual property tax bill in Georgetown County is approximately $1,240, notably less than the national median of $2,690. Property taxes in Georgetown County are calculated based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural land. Understanding Georgetown County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Georgetown or another part of the county, gaining comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Georgetown County Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Georgetown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Georgetown with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Georgetown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Georgetown County, South Carolina
Property taxes in Georgetown County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Georgetown County is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Georgetown County set these rates annually, and they can vary significantly between different areas within the county. Each year, Georgetown County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Georgetown County's effective property tax rate with other counties in South Carolina and the national median. For comparison, the city of McClellanville has one of the higher property tax rates in South Carolina at 1.83%, while the city of Pawleys Island boasts one of the lowest at 0.55%. Analyzing how Georgetown County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Georgetown County Tax Rate
0.91%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andrews | 0.43% | 0.68% | 1.43% | 2.25% | 3.02% |
| Conway | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
| Garden City | 1.51% | 1.51% | 1.52% | 1.52% | 1.53% |
| Georgetown | 0.46% | 0.62% | 0.96% | 1.92% | 2.29% |
| Hemingway | 0.31% | 0.63% | 0.99% | 1.89% | 2.50% |
| Isle Of Palms | 1.69% | 1.69% | 1.69% | 1.69% | 1.69% |
| Mc Clellanville | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
| Murrells Inlet | 0.44% | 0.49% | 0.59% | 1.54% | 1.67% |
| Pawleys Island | 0.44% | 0.48% | 0.55% | 1.49% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown County, South Carolina
In Georgetown County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Georgetown County Appraisal District. The assessed value, however, 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 in Georgetown County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Georgetown County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Georgetown County has a wide range in tax bills, with Garden City having the highest median tax bill at $15,062 and Hemingway the lowest at $192. The median home price in the county is $155,000, and tax bills can range significantly, from the 25th percentile at $382 to the 90th percentile at $5,772.
Property Tax Assessment Values Across Georgetown County, South Carolina
Source: Ownwell
$13,100
$503,400
$993,700
Average Georgetown County Assessed Value
$155,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgetown County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andrews | $3,300 | $7,500 | $30,450 | $77,775 | $126,770 |
| Conway | $38,500 | $38,500 | $38,500 | $38,500 | $38,500 |
| Garden City | $566,400 | $860,250 | $993,700 | $1,120,100 | $1,235,000 |
| Georgetown | $6,100 | $17,600 | $76,100 | $163,900 | $310,660 |
| Hemingway | $4,000 | $7,875 | $20,850 | $61,775 | $102,100 |
| Isle Of Palms | $38,900 | $38,900 | $38,900 | $38,900 | $38,900 |
| Mc Clellanville | $38,500 | $38,500 | $38,500 | $38,500 | $38,500 |
| Murrells Inlet | $30,000 | $115,000 | $220,200 | $354,950 | $592,700 |
| Pawleys Island | $110,000 | $185,000 | $295,400 | $445,600 | $669,620 |
Source: Ownwell
Property Tax Bills Across Georgetown County, South Carolina
In Georgetown County, SC, property tax bills are calculated based on the assessed value of a property, which is derived from a percentage of the market value. The tax rate, or millage rate, is then applied to this assessed value to determine the total tax bill. Factors such as property type, exemptions, and local government budgets influence the final amount. For instance, the median home price in Georgetown County is $155,000. Homeowners can expect tax bills ranging from $382 at the 25th percentile to $2,453 at the 75th percentile, with the 90th percentile reaching up to $5,772. This range shows the variability in tax burdens depending on property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Georgetown County can present a relatively moderate tax burden, but individual circumstances like property value and available exemptions significantly impact the final tax bill. Homeowners in this region should be aware of these factors to better understand their property tax obligations and potential savings.
Average Georgetown County Tax Bill
$1,240
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andrews | $70 | $118 | $287 | $780 | $1,323 |
| Conway | $654 | $654 | $654 | $654 | $654 |
| Garden City | $8,625 | $13,052 | $15,062 | $16,963 | $18,694 |
| Georgetown | $88 | $196 | $673 | $1,498 | $3,220 |
| Hemingway | $58 | $102 | $192 | $440 | $836 |
| Isle Of Palms | $659 | $659 | $659 | $659 | $659 |
| Mc Clellanville | $706 | $706 | $706 | $706 | $706 |
| Murrells Inlet | $215 | $783 | $1,620 | $2,755 | $6,095 |
| Pawleys Island | $739 | $1,302 | $2,030 | $4,041 | $8,416 |
Source: Ownwell