Lexington, Lexington County, South Carolina Property Taxes
Median Lexington, SC effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the South Carolina state median of 0.72%.
Median Lexington, SC home value: $179,406
Median annual Lexington, SC tax bill: $1,174, $1,226 lower than the national median property tax bill of $2,400.
How are property taxes in Lexington calculated?
Property taxes in Lexington, 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 Lexington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lexington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lexington, Lexington County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.57%
Estimate Property Tax Bill
$1,023
$949
Property Tax Rates Across Lexington, Lexington County, South Carolina
Local government entities set tax rates, which can vary widely within a state. Why? Because annually, 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 Lexington’s effective property tax rate to other cities in South Carolina and the median property tax rates in South Carolina and the U.S.
Lexington County, South Carolina, has a median property tax rate of 0.57%, which aligns with the highest and lowest rates within the county. This rate is significantly lower than the national median property tax rate of 1.02%. Homeowners in Lexington County benefit from a more favorable tax environment compared to the national average. Understanding these variations can help property owners anticipate their tax liabilities and make informed decisions about property investments in the area.
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 Lexington Tax Rate
0.57%
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 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 Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | 0.40% | 0.57% | 0.57% | 0.68% | 2.95% |
| 29073 | 0.31% | 0.57% | 0.57% | 0.78% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Lexington, Lexington County, South Carolina
When examining property taxes in Lexington, 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 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 Lexington 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 Lexington.
For example, the median home price in Lexington is $179,406, with tax bills ranging significantly across the county. The zip code 29072 has the highest median home price at $226,062.
Property Tax Assessment Values Across Lexington, Lexington County, South Carolina
Source: Ownwell
$24,100
$146,458
$268,816
Median Lexington Market Value
$179,406
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 Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | $121,000 | $161,215 | $226,062 | $314,900 | $436,386 |
| 29073 | $24,754 | $87,890 | $139,000 | $187,912 | $243,828 |
Source: Ownwell
Property Tax Bills Across Lexington, Lexington County, South Carolina
Property Tax Bills Across Lexington, Lexington County, South Carolina
Source: Ownwell
$315
$1,088
$1,860
Median Lexington Tax Bill
$1,174
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 Lexington, Lexington County, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29072 | $679 | $997 | $1,473 | $2,216 | $3,808 |
| 29073 | $294 | $595 | $901 | $1,341 | $2,568 |
Source: Ownwell