Irmo, Lexington County, South Carolina Property Taxes

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

Median Irmo, SC effective property tax rate: 0.85%, significantly lower than the national median of 1.02%, but higher than the South Carolina state median of 0.72%.
Median Irmo, SC home value: $125,055
Median annual Irmo, SC tax bill: $1,146, $1,254 lower than the national median property tax bill of $2,400.

How are property taxes in Lexington calculated?

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

Last Updated March 1, 2025

Irmo, Lexington County, South Carolina Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.85%

Estimate Property Tax Bill

$1,063

$986

Ownwell’s Irmo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Irmo with just two data points.

By entering your property's estimated assessed value, our calculator applies Irmo’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 Lexington County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Irmo, Lexington County, South Carolina

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides 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. Below, you can compare Irmo’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.

Property Tax Rates Across Irmo, Lexington County, South Carolina

Source: Ownwell

0.49%

0.75%

1.00%

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 Irmo Tax Rate

0.85%

Median Effective Lexington County Tax Rate

0.57%

Median Effective South Carolina Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Irmo, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
29063	0.54%	0.61%	0.85%	1.19%	2.92%

Source: Ownwell

Property Tax Assessment Values Across Irmo, Lexington County, South Carolina

When examining property taxes in Irmo, 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 Lexington County appraisal district 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 Lexington 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 Irmo. For example, the median home price in Irmo is $125,055, with tax bills ranging significantly across the county. Zip code 29063 has the highest median home price at $125,055.

Property Tax Assessment Values Across Irmo, Lexington County, South Carolina

Source: Ownwell

$24,100

$146,458

$268,816

Median Irmo Market Value

$125,055

Median Lexington County Market Value

$147,464

Median South Carolina Market Value

$140,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Irmo, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
29063	$85,991	$96,975	$125,055	$162,216	$202,984

Source: Ownwell

Property Tax Bills Across Irmo, Lexington County, South Carolina

Property tax bills in Irmo, located in Lexington County, SC, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this market value. In Irmo, the median home price is $125,055, with tax bills ranging significantly across different percentiles. The 25th percentile tax bill is $893, while the 75th percentile reaches $1,766, and the 90th percentile can go up to $3,411. Despite these variations, the median property tax bill in Irmo is $1,146, which is below the national median of $2,400. This lower tax bill can be beneficial for homeowners, but unexpected increases in assessed value can still pose challenges. Ownwell assists homeowners by providing expert property tax appeal and exemption services, helping to ensure that taxes are fair and not excessively burdensome. Our team can help identify potential savings, making property ownership more affordable.

Property Tax Bills Across Irmo, Lexington County, South Carolina

Source: Ownwell

$315

$1,088

$1,860

Median Irmo Tax Bill

$1,146

Median Lexington County Tax Bill

$1,039

Median South Carolina Tax Bill

$1,086

Median United States Tax Bill

$2,400

Property Tax Bills Across Irmo, Lexington County, South Carolina

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
29063	$724	$893	$1,146	$1,766	$3,411

Source: Ownwell