Lugoff, Kershaw County, South Carolina Property Taxes
The median property tax rate in Lugoff, SC is 0.69%, which is notably lower than both the national median of 0.99% and the South Carolina state median of 0.72%. With a median home value of $128,800 in Lugoff, the typical annual property tax bill amounts to $871, significantly less than the national median of $2,690. Property taxes in Lugoff are determined based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Lugoff's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're residing in the heart of Lugoff or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lugoff, Kershaw County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$889
$825
Ownwell’s Lugoff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lugoff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lugoff 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 Lugoff, Kershaw County, South Carolina
Property taxes in Lugoff, South Carolina, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lugoff is 0.69%, notably lower than the U.S. national median of 0.99%. Local government entities within Lugoff set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lugoff 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 Lugoff's effective property tax rate to other counties in South Carolina and the national median. For comparison, the 29078 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Lugoff provides valuable insights into the varying tax landscape across Kershaw County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lugoff Tax Rate
0.69%
Average Kershaw County Tax Rate
0.66%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lugoff, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29078 | 0.45% | 0.55% | 0.69% | 1.21% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Lugoff, Kershaw County, South Carolina
In Lugoff, 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 Kershaw 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. In Lugoff, 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 Lugoff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lugoff is $128,800, with tax bills ranging significantly, from the 25th percentile at $347 to the 90th percentile at $1888. The zip code 29078 has both the highest and lowest median tax bill at $871.
Property Tax Assessment Values Across Lugoff, Kershaw County, South Carolina
Source: Ownwell
$22,500
$157,450
$292,400
Average Lugoff Assessed Value
$128,800
Average Kershaw County Assessed Value
$113,100
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lugoff, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29078 | $11,020 | $37,700 | $128,800 | $197,000 | $257,381 |
Source: Ownwell
Property Tax Bills Across Lugoff, Kershaw County, South Carolina
In Lugoff, located in Kershaw County, SC, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $128,800, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $347, while at the 75th percentile, they rise to approximately $1,345. The 90th percentile sees tax bills reaching up to $1,888. These tax bills are influenced by various factors, including property location, local government budgets, and public service funding requirements. For homeowners, this means that property taxes can represent a significant portion of their annual expenses. Understanding how these taxes are calculated and what factors influence them can help homeowners better manage their finances and anticipate changes in their property tax obligations.
Average Lugoff Tax Bill
$871
Average Kershaw County Tax Bill
$792
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Lugoff, Kershaw County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29078 | $166 | $347 | $871 | $1,345 | $1,888 |
Source: Ownwell