Rembert, South Carolina Property Taxes
The median property tax rate in Rembert, SC is 0.82%, slightly lower than the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Rembert, the typical annual property tax bill is $179, significantly lower than the national median of $2,690. Property taxes in Rembert are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rembert'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 Rembert or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rembert, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$172
$159
Ownwell’s Rembert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rembert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rembert 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 Rembert, South Carolina
Property taxes in Rembert, 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 Rembert is 0.82%, which is lower than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Rembert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rembert 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. Understanding how these cities compare with Rembert provides valuable insights into the varying tax landscape across Lee County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rembert Tax Rate
0.82%
Average Lee County Tax Rate
0.82%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | 0.16% | 0.75% | 0.82% | 2.13% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Rembert, South Carolina
In Rembert, 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 county 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 Rembert, 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 Rembert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $20,940, with tax bills ranging from $97 at the 25th percentile to $542 at the 90th percentile. The highest and lowest median tax bills both stand at $179 in zip code 29128.
Average Rembert Assessed Value
$20,940
Average Lee County Assessed Value
$18,320
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | $5,000 | $8,250 | $20,940 | $46,578 | $81,245 |
Source: Ownwell
Property Tax Bills Across Rembert, South Carolina
In Rembert, located in Lee 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 Rembert is $20,940. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors such as property type, exemptions, and local tax rates influence the final amount. For instance, the 25th percentile tax bill is $97, while the 75th percentile tax bill is $347. The 90th percentile tax bill can go up to $542. Compared to the national median property tax rate of 0.99%, Rembert's property taxes are relatively low. This can significantly affect homeowners by making homeownership more affordable, especially for those in lower income brackets. However, it's important for homeowners to stay informed about any changes in property assessments or tax rates that could impact their annual tax bills.
Average Rembert Tax Bill
$179
Average Lee County Tax Bill
$174
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Rembert, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29128 | $26 | $97 | $179 | $347 | $542 |
Source: Ownwell