Mc Clellanville, South Carolina Property Taxes
The median property tax rate in McClellanville, SC is 1.83%, considerably higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in McClellanville, the typical annual property tax bill reaches $706, which is significantly lower than the national median of $2,690. Property taxes in McClellanville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding McClellanville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of McClellanville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Clellanville, South Carolina 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 MC CLELLANVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLELLANVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLELLANVILLE 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 Mc Clellanville, South Carolina
Property taxes in McClellanville, 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 McClellanville is 1.83%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within McClellanville set these rates annually, and they can vary significantly across different neighborhoods. Each year, McClellanville 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. Understanding how McClellanville's effective property tax rate compares with other areas in Georgetown County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Clellanville Tax Rate
1.83%
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | 1.83% | 1.83% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clellanville, South Carolina
In McClellanville, 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 Georgetown 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 McClellanville, 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. For example, the median home price in McClellanville is $38,500, and typical tax bills range around $706. 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 McClellanville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mc Clellanville, South Carolina
Source: Ownwell
$13,100
$503,400
$993,700
Average Mc Clellanville Assessed Value
$38,500
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $38,500 | $38,500 | $38,500 | $38,500 | $38,500 |
Source: Ownwell
Property Tax Bills Across Mc Clellanville, South Carolina
Property tax bills in McClellanville, located in Georgetown County, SC, are calculated based on the assessed value of a property, which is determined by local tax assessors. The assessed value is a percentage of the market value of the home. In McClellanville, the median home price is $38,500, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in McClellanville can expect a consistent property tax bill, as the 25th, 75th, and 90th percentiles all report the same value of $706. This uniformity suggests a stable tax environment, which can be beneficial for budgeting and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rate in McClellanville provides a relatively predictable expense for homeowners, contributing to the overall affordability of living in this charming coastal town.
Average Mc Clellanville Tax Bill
$706
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 Mc Clellanville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29458 | $706 | $706 | $706 | $706 | $706 |
Source: Ownwell