Varnville, South Carolina Property Taxes
The median property tax rate in Varnville, SC is 1.06%, which is higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $25,900 in Varnville, the typical annual property tax bill is $228, below the national median of $2,690. Property taxes in Varnville 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 Varnville'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 Varnville or another part of Jasper County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Varnville, 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 Varnville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Varnville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Varnville 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 Varnville, South Carolina
Property taxes in Varnville, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Varnville is 0.5%, which is significantly lower than both the South Carolina state median of 0.5% and the U.S. national median of 0.99%. Local government entities within Varnville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Varnville 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 Varnville's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29944 zip code has the highest median property tax rate of 0.5%, while the 29944 zip code has the lowest median tax rate of 0.5%. Understanding how these cities compare with Varnville provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Varnville Tax Rate
1.06%
Average Jasper County Tax Rate
0.79%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Varnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29944 | 0.33% | 0.59% | 1.06% | 1.95% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Varnville, South Carolina
In Varnville, 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 Jasper 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 Varnville, 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 Varnville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $228, found in the 29944 zip code.
Property Tax Assessment Values Across Varnville, South Carolina
Source: Ownwell
$12,000
$184,550
$357,100
Average Varnville Assessed Value
$25,900
Average Jasper County Assessed Value
$92,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Varnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29944 | $1,700 | $4,200 | $25,900 | $110,100 | $203,240 |
Source: Ownwell
Property Tax Bills Across Varnville, South Carolina
In Varnville, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Varnville is $25,900. Property tax rates are applied to this assessed value to calculate the tax bill. Various factors, such as property location and local levies, influence the final amount. For example, in Jasper County, where Varnville is located, the tax bill at the 25th percentile is $46, while it reaches $775 at the 75th percentile and $1,416 at the 90th percentile. These property taxes are essential for funding local services, including schools, public safety, and infrastructure. Homeowners must budget for these taxes, as they can significantly impact annual expenses. Compared to the national median property tax rate of 0.99%, Varnville's property tax rates can vary widely, demonstrating the importance of understanding local tax obligations. This variability underscores the need for homeowners to stay informed about their property’s assessed value and any changes in local tax rates.
Average Varnville Tax Bill
$228
Average Jasper County Tax Bill
$815
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Varnville, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29944 | $28 | $46 | $228 | $775 | $1,416 |
Source: Ownwell