Estill, Hampton County, South Carolina Property Taxes
The median property tax rate in Estill, SC is 1.23%, 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 Estill, the typical annual property tax bill reaches $415, which is significantly lower than the national median of $2,690. Property taxes in Estill 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 Estill'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 Estill 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
Estill, Hampton County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$242
$225
Ownwell’s Estill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Estill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Estill 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 Estill, Hampton County, South Carolina
Property taxes in Estill, 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 Estill is 1.23%, significantly higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Estill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Estill 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 Estill's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29918 has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Estill provides valuable insights into the varying tax landscape across Hampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Estill Tax Rate
1.23%
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 Estill, Hampton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29918 | 0.38% | 0.97% | 1.23% | 3.01% | 3.51% |
| 29939 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Estill, Hampton County, South Carolina
In Estill, 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 Hampton County Assessor 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. Assessment notices in Estill 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. 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 Estill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Estill, the highest median tax bill is $1,149 in zip code 29939, while the lowest median tax bill is $413 in zip code 29918.
Property Tax Assessment Values Across Estill, Hampton County, South Carolina
Source: Ownwell
$8,500
$28,900
$49,300
Average Estill Assessed Value
$19,700
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 Estill, Hampton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29918 | $2,900 | $6,600 | $19,700 | $47,450 | $93,600 |
| 29939 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Estill, Hampton County, South Carolina
In Estill, SC, property tax bills are calculated based on the assessed value of a home, which is determined by the Hampton County tax assessor. This assessed value is a percentage of the property's market value. For homeowners in Estill, the property tax rate is compared to the national median rate of 0.99%. Factors such as property improvements, location, and market trends can influence the assessed value. Homeowners in Estill can expect their property tax bills to vary significantly. The 25th percentile tax bill is $149, while the 75th percentile tax bill is $906, and the 90th percentile tax bill reaches $1679. The highest median tax bill in the area is $1149, found in zip code 29939, whereas the lowest is $413 in zip code 29918. These variations highlight how different properties and their assessed values impact the overall tax burden on homeowners. Understanding these factors is crucial for homeowners to manage their financial planning and anticipate potential changes in their property tax obligations.
Average Estill Tax Bill
$415
Average Hampton County Tax Bill
$543
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Estill, Hampton County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29918 | $64 | $149 | $413 | $906 | $1,679 |
| 29939 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell