Hampton County, South Carolina Property Taxes
The median property tax rate in Hampton County is 1.01%, which is slightly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Hampton County, the typical annual property tax bill is $543, which is significantly lower than the national median of $2,690. Property taxes in Hampton County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hampton County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Hampton or another part of Hampton County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hampton County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$240
$223
Ownwell’s Hampton County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hampton County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hampton County to estimate your property tax bill. This insight 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 Hampton County, South Carolina
Property taxes in Hampton play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hampton is 1.01%, which is higher than the U.S. national median of 0.99%. Local government entities within Hampton set these rates annually, and they can vary significantly between different areas within the county. Each year, Hampton 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 Hampton's effective property tax rate with other counties and the national median. For comparison, the city of Gifford has one of the higher property tax rates in South Carolina at 3.12%, while the city of Pineland boasts one of the lowest at 0.99%. Analyzing how Hampton's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hampton County Tax Rate
1.01%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hampton County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brunson | 0.37% | 0.72% | 0.99% | 2.98% | 3.09% |
| Early Branch | 0.36% | 0.62% | 0.99% | 2.97% | 3.00% |
| Estill | 0.38% | 0.96% | 1.23% | 3.01% | 3.51% |
| Fairfax | 0.67% | 0.99% | 2.37% | 2.99% | 3.00% |
| Furman | 0.22% | 0.75% | 1.24% | 2.98% | 3.00% |
| Garnett | 0.42% | 0.97% | 1.01% | 2.98% | 2.99% |
| Gifford | 0.52% | 1.04% | 3.12% | 3.15% | 3.15% |
| Hampton | 0.45% | 0.78% | 1.19% | 2.99% | 3.34% |
| Luray | 0.49% | 0.98% | 1.01% | 2.98% | 3.01% |
| Miley | N/A | N/A | N/A | N/A | N/A |
| Pineland | 0.42% | 0.73% | 0.99% | 2.98% | 3.01% |
| Scotia | N/A | N/A | N/A | N/A | N/A |
| Varnville | 0.38% | 0.72% | 0.99% | 2.98% | 3.08% |
| Yemassee | 0.49% | 0.97% | 1.19% | 3.00% | 3.33% |
Source: Ownwell
Property Tax Assessment Values Across Hampton County, South Carolina
In Hampton 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 Hampton 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 Hampton 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 Hampton County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. For instance, Hampton has the highest median tax bill in the county at $857, while Gifford has the lowest at $115. Understanding these differences can significantly impact your financial planning and property management.
Property Tax Assessment Values Across Hampton County, South Carolina
Source: Ownwell
$8,500
$28,900
$49,300
Average Hampton County Assessed Value
$23,800
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hampton County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brunson | $3,000 | $7,100 | $25,400 | $64,150 | $133,563 |
| Early Branch | $2,760 | $6,600 | $20,600 | $57,550 | $124,700 |
| Estill | $2,900 | $6,600 | $19,700 | $47,525 | $93,630 |
| Fairfax | $1,790 | $6,600 | $11,000 | $41,600 | $88,385 |
| Furman | $2,140 | $4,400 | $13,800 | $53,250 | $73,720 |
| Garnett | $2,300 | $6,600 | $14,300 | $42,262 | $87,000 |
| Gifford | $2,000 | $3,000 | $8,500 | $29,400 | $48,860 |
| Hampton | $3,700 | $11,700 | $49,300 | $97,100 | $155,500 |
| Luray | $2,740 | $5,750 | $12,700 | $54,450 | $106,080 |
| Miley | N/A | N/A | N/A | N/A | N/A |
| Pineland | $2,000 | $5,625 | $13,000 | $48,775 | $144,752 |
| Scotia | N/A | N/A | N/A | N/A | N/A |
| Varnville | $3,400 | $7,000 | $21,300 | $71,100 | $124,575 |
| Yemassee | $2,100 | $6,400 | $19,700 | $69,150 | $122,080 |
Source: Ownwell
Property Tax Bills Across Hampton County, South Carolina
In Hampton County, SC, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The county applies a tax rate to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, its assessed value, and applicable exemptions or deductions. For homeowners in Hampton County, the tax burden can vary significantly. For instance, the median home price is $23,800, and the median tax bill in the county is $857. However, tax bills can range widely, with the 25th percentile at $199 and the 75th percentile at $1,181. In some cases, homeowners may see tax bills as high as $2,016, which is in the 90th percentile. The city of Hampton has the highest median tax bill in the county, while Gifford has the lowest at $115. These variations can affect homeowners' financial planning and overall cost of living, making it essential to understand how property taxes are calculated and what factors influence them.
Average Hampton County Tax Bill
$543
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Hampton County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brunson | $87 | $199 | $487 | $1,070 | $1,832 |
| Early Branch | $128 | $242 | $422 | $1,108 | $1,837 |
| Estill | $64 | $149 | $415 | $906 | $1,679 |
| Fairfax | $121 | $230 | $288 | $783 | $1,990 |
| Furman | $126 | $196 | $344 | $601 | $1,087 |
| Garnett | $74 | $159 | $353 | $1,038 | $2,106 |
| Gifford | $31 | $82 | $115 | $379 | $889 |
| Hampton | $146 | $382 | $857 | $1,571 | $2,465 |
| Luray | $91 | $176 | $364 | $1,019 | $1,985 |
| Miley | N/A | N/A | N/A | N/A | N/A |
| Pineland | $94 | $159 | $404 | $1,053 | $1,572 |
| Scotia | N/A | N/A | N/A | N/A | N/A |
| Varnville | $91 | $196 | $522 | $1,108 | $1,868 |
| Yemassee | $89 | $201 | $536 | $1,260 | $2,089 |
Source: Ownwell