Marlboro County Property Taxes
The median property tax rate in Marlboro County is 0.75%, which is lower than the national median of 0.99% but slightly higher than the South Carolina state median of 0.72%. With a median home value of $33,059 in Marlboro County, the typical annual property tax bill is $278, well below the national median of $2,690. Property taxes in Marlboro County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Marlboro 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 Bennettsville or another part of Marlboro County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marlboro County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$248
$230
Ownwell’s Marlboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marlboro with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marlboro to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Marlboro County, South Carolina
Property taxes in Marlboro County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marlboro County is 0.75%, which is lower than the South Carolina state median and the U.S. national median of 0.99%. Local government entities within Marlboro County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marlboro 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 Marlboro County's effective property tax rate with other counties in South Carolina and the national median. For comparison, the city of Wallace has one of the higher property tax rates in South Carolina at 0.95%, while the city of Tatum boasts one of the lowest at 0.62%. Analyzing how Marlboro County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marlboro County Tax Rate
0.75%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Marlboro County, South Carolina
In Marlboro 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 Marlboro 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 Marlboro 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. For instance, Tatum has the highest median tax bill at $315, while Latta has the lowest at $251. 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 Marlboro County, South Carolina
Source: Ownwell
$20,660
$36,422
$52,183
Average Marlboro County Assessed Value
$33,059
Average South Carolina Assessed Value
$140,000
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marlboro County, South Carolina
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bennettsville | $3,928 | $9,659 | $38,615 | $76,043 | $118,965 |
| Blenheim | $3,605 | $9,193 | $33,682 | $82,167 | $168,287 |
| Clio | $3,670 | $9,476 | $36,440 | $64,851 | $107,183 |
| Latta | $2,156 | $9,193 | $20,660 | $71,413 | $170,290 |
| Mc Coll | N/A | N/A | N/A | N/A | N/A |
| Tatum | $6,308 | $13,327 | $52,183 | $99,272 | $116,238 |
| Wallace | $3,236 | $8,046 | $24,999 | $59,394 | $92,277 |
Source: Ownwell
Property Tax Bills Across Marlboro County, South Carolina
In Marlboro County, SC, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to calculate the tax bill. Several factors influence this calculation, including the property’s location, size, and use. For instance, residential properties may be taxed differently than commercial ones. Homeowners in Marlboro County experience a range of tax bills. The tax bill at the 25th percentile is $170, while those at the 75th and 90th percentiles are $483 and $769, respectively. The highest median tax bill in the county is $315 in Tatum, whereas the lowest median tax bill is $251 in Latta. These figures are relatively low compared to the national median property tax rate of 0.99%, making Marlboro County an appealing place for homeowners seeking lower property taxes. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Marlboro County Tax Bill
$278
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690