Marion County, South Carolina Property Taxes
The median property tax rate in Marion County is 1.68%, significantly higher than both the national median of 0.99% and the South Carolina state median of 0.72%. With the median home value in Marion County, the typical annual property tax bill is $142, which is much lower than the national median of $2,690. Property taxes in Marion County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Marion County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marion or another part of Marion County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marion County, South Carolina Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$168
$156
Ownwell’s Marion County Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Marion County using just two data points. By entering your property's estimated assessed value, our calculator applies the median tax rate in Marion County to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more localized informational page. Your property's assessed value is the value assigned by the county for property tax calculations and considers any exemptions you may have.
Property Tax Rates Across Marion County, South Carolina
Property taxes in Marion County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marion County is 1.68%, which is higher than both the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Marion County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marion County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Marion County's effective property tax rate with other counties in South Carolina and the national median. For comparison, the city of Sellers has one of the higher property tax rates in South Carolina at 1.78%, while the city of Latta boasts one of the lowest at 0.79%. Analyzing how Marion County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marion County Tax Rate
1.68%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Marion County, South Carolina
In Marion County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Marion County Appraisal District. The assessed value, however, 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. Assessment notices in Marion County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Marion County homeowners, for instance, see median tax bills ranging from $124 in Gresham to $156 in Marion. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Marion County, South Carolina
Source: Ownwell
$9,000
$10,250
$11,500
Average Marion County Assessed Value
$10,000
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marion County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Gresham | $3,070 | $5,358 | $9,896 | $22,500 | $41,105 |
| Latta | $4,000 | $6,500 | $9,500 | $22,590 | $34,000 |
| Marion | $4,000 | $7,000 | $11,500 | $30,000 | $55,000 |
| Mullins | $3,500 | $6,000 | $10,000 | $27,997 | $57,906 |
| Nichols | $4,000 | $6,000 | $9,000 | $20,000 | $38,000 |
| Rains | N/A | N/A | N/A | N/A | N/A |
| Sellers | $3,000 | $5,000 | $9,000 | $20,000 | $35,505 |
Source: Ownwell
Property Tax Bills Across Marion County, South Carolina
Property tax bills in Marion County, SC, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Marion County, the median home price is relatively low, leading to generally lower property tax bills compared to the national median property tax rate of 0.99%. The tax bill at the 25th percentile is $68, while at the 75th percentile, it rises to $261. For those at the 90th percentile, the tax bill can reach up to $672. The city of Marion has the highest median tax bill at $156, while Gresham has the lowest at $124. These variations can significantly impact homeowners, affecting their annual budgets and financial planning.
Average Marion County Tax Bill
$142
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690