Longs, Horry County, South Carolina Property Taxes
The median property tax rate in Longs, SC is 0.45%, 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 Longs, the typical annual property tax bill is $752, well below the national median of $2,690. Property taxes in Longs are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Longs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Longs or another part of Horry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Longs, Horry County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.45%
Estimate Property Tax Bill
$676
$628
Ownwell’s Longs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Longs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Longs 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 Longs, Horry County, South Carolina
Property taxes in Longs, 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 Longs is 0.45%, significantly lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Longs set these rates annually, and they can vary across different neighborhoods. Each year, Longs 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 Longs' effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29568 has the highest median property tax rate of 0.45%, while the same zip code also has the lowest median tax rate of 0.45%. Understanding how these areas compare with Longs provides valuable insights into the varying tax landscape across Horry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Longs Tax Rate
0.45%
Average Horry County Tax Rate
0.81%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Longs, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29568 | 0.31% | 0.35% | 0.45% | 1.30% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Longs, Horry County, South Carolina
In Longs, 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 Horry County Assessor's Office 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 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 Longs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Longs is 29568, with a median tax bill of $752.
Property Tax Assessment Values Across Longs, Horry County, South Carolina
Source: Ownwell
$77,000
$163,560
$250,120
Average Longs Assessed Value
$150,310
Average Horry County Assessed Value
$160,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Longs, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29568 | $28,340 | $77,470 | $150,310 | $197,820 | $255,750 |
Source: Ownwell
Property Tax Bills Across Longs, Horry County, South Carolina
In Longs, Horry County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Longs is $150,310. Property taxes are then determined by applying the local tax rate to this assessed value. Factors such as location, property size, and improvements can influence the assessed value, leading to variations in tax bills. For homeowners, understanding these calculations is crucial. For instance, the tax bill at the 25th percentile is $471, while at the 75th percentile, it rises to $1188. At the 90th percentile, it can reach up to $2334. The highest and lowest median tax bills in the area are both $752, indicating some consistency in tax rates within the same zip code. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Longs can gauge how their local tax obligations stack up against broader national trends. This knowledge helps in financial planning and property investment decisions.
Average Longs Tax Bill
$752
Average Horry County Tax Bill
$1,084
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Longs, Horry County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29568 | $185 | $471 | $752 | $1,188 | $2,334 |
Source: Ownwell