Lancaster, Lancaster County, South Carolina Property Taxes
Median Lancaster, SC effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Lancaster, SC home value: $103,375
Median annual Lancaster, SC tax bill: $857, $1,543 lower than the national median property tax bill of $2,400.
How are property taxes in Lancaster calculated?
Property taxes in Lancaster, 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 Lancaster’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lancaster, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lancaster, Lancaster County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$662
$614
Property Tax Rates Across Lancaster, Lancaster County, South Carolina
Local government entities determine tax rates, leading to variations within a state. Each county estimates its necessary budget to provide services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While setting tax rates and budgets involves votes and legislation, this is the annual process in a nutshell.
In Lancaster County, South Carolina, the city of Lancaster's effective property tax rate is a reflection of this process. The median property tax rate in Lancaster is 0.64%, which is significantly lower than the national median property tax rate of 1.02%. This means that property owners in Lancaster benefit from relatively lower tax rates compared to many other parts of the country. The effective property tax rate in Lancaster is consistent across the region, with both the highest and lowest median tax rates recorded at 0.64%. This uniformity in tax rates can be advantageous for property owners, offering predictability and stability in their annual tax obligations.
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 Lancaster Tax Rate
0.64%
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 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 Lancaster, Lancaster County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29720 | 0.36% | 0.61% | 0.64% | 1.98% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Lancaster, Lancaster County, South Carolina
When examining property taxes in Lancaster, 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 April. 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 Lancaster. For example, the median home price in Lancaster is $103,375, with tax bills ranging significantly across the county. Zip code 29720 has the highest median home price at $103,375.
Property Tax Assessment Values Across Lancaster, Lancaster County, South Carolina
Source: Ownwell
$64,250
$194,925
$325,600
Median Lancaster Market Value
$103,375
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 Lancaster, Lancaster County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29720 | $17,300 | $49,900 | $103,375 | $209,400 | $335,500 |
Source: Ownwell
Property Tax Bills Across Lancaster, Lancaster County, South Carolina
Property Tax Bills Across Lancaster, Lancaster County, South Carolina
Source: Ownwell
$458
$1,337
$2,215
Median Lancaster Tax Bill
$857
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 Lancaster, Lancaster County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29720 | $153 | $390 | $857 | $1,763 | $2,960 |
Source: Ownwell