Fort Mill, Lancaster County, South Carolina Property Taxes

Name: Property Tax Bills Across Fort Mill, Lancaster County, South Carolina
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fort Mill, SC effective property tax rate: 0.65%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Fort Mill, SC home value: $325,600
Median annual Fort Mill, SC tax bill: $2,215, $185 lower than the national median property tax bill of $2,400.

How are property taxes in Lancaster calculated?

Property taxes in Fort Mill, SC are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Fort Mill’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fort Mill, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fort Mill, Lancaster County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$2,116

$1,964

Ownwell’s Fort Mill Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fort Mill with just two data points. By entering your property's estimated assessed value, our calculator applies Fort Mill’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lancaster County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fort Mill, Lancaster County, South Carolina

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. In Fort Mill, located in Lancaster County, the effective property tax rate reflects these local calculations and priorities. Compared to other cities in South Carolina, Fort Mill's property tax rate provides insight into how local government priorities and property values impact tax obligations. The median property tax rate in South Carolina may differ from Fort Mill's rate, offering a broader perspective on how the city compares within the state. Additionally, when contrasted with the national median property tax rate, Fort Mill's rate highlights how the region aligns with or diverges from broader national trends. Understanding these differences can be crucial for property owners seeking to manage their tax liabilities effectively.

Property Tax Rates Across Fort Mill, Lancaster County, South Carolina

Source: Ownwell

0.61%

1.17%

1.73%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fort Mill Tax Rate

0.65%

Median Effective Lancaster County Tax Rate

0.65%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fort Mill, Lancaster County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29707	0.55%	0.63%	0.65%	0.67%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Fort Mill, Lancaster County, South Carolina

When examining property taxes in Fort Mill, SC, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lancaster County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Lancaster County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fort Mill.

For example, the median home price in Fort Mill is $325,600, with tax bills ranging significantly across the county. 29707 has the highest median home price at $325,600.

Property Tax Assessment Values Across Fort Mill, Lancaster County, South Carolina

Source: Ownwell

$64,250

$194,925

$325,600

Median Fort Mill Market Value

$325,600

Median Lancaster County Market Value

$164,500

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fort Mill, Lancaster County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29707	$169,600	$248,700	$325,600	$413,200	$509,800

Source: Ownwell

Property Tax Bills Across Fort Mill, Lancaster County, South Carolina

In Fort Mill, located in Lancaster 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 final tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. Homeowners in Fort Mill face a median property tax bill of $2,215, which is below the national median of $2,400. However, tax bills can vary significantly, with the 25th percentile at $1,637 and the 90th percentile reaching $4,349. This variability highlights the importance of understanding how property taxes are calculated and exploring potential savings. Ownwell assists homeowners by reviewing their property assessments to ensure they are accurate and fair. By identifying discrepancies and filing appeals, Ownwell can help reduce tax bills, providing significant savings for homeowners. This service not only helps manage costs but also brings peace of mind by ensuring fair taxation.

Property Tax Bills Across Fort Mill, Lancaster County, South Carolina

Source: Ownwell

$458

$1,337

$2,215

Median Fort Mill Tax Bill

$2,215

Median Lancaster County Tax Bill

$1,306

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Fort Mill, Lancaster County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29707	$1,094	$1,637	$2,215	$2,894	$4,349

Source: Ownwell