Blenheim, South Carolina Property Taxes
The median property tax rate in Blenheim, SC is 0.78%, slightly below the national median of 0.99% but higher than the South Carolina state median of 0.72%. With the median home value in Blenheim, the typical annual property tax bill is $276, significantly lower than the national median of $2,690. Property taxes in Blenheim are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Blenheim'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 Blenheim 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
Blenheim, South Carolina Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Blenheim Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blenheim with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blenheim 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 Blenheim, South Carolina
Property taxes in Blenheim, South Carolina, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blenheim is 0.78%, which is lower than the U.S. national median of 0.99%. Local government entities within Blenheim set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blenheim 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. The data below compares Blenheim's effective property tax rate to other counties in South Carolina and the national median. For comparison, the zip code 29516 has both the highest and lowest median property tax rate of 0.78%. Understanding how these cities compare with Blenheim provides valuable insights into the varying tax landscape across Marlboro County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blenheim Tax Rate
0.78%
Average Marlboro County Tax Rate
0.75%
Average South Carolina Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blenheim, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29516 | 0.33% | 0.46% | 0.78% | 2.06% | 5.09% |
Source: Ownwell
Property Tax Assessment Values Across Blenheim, South Carolina
In Blenheim, 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 Marlboro County Appraisal District 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 Blenheim, 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 Blenheim helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $276, both found in the 29516 zip code.
Average Blenheim Assessed Value
$33,682
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 Blenheim, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29516 | $3,605 | $9,193 | $33,682 | $82,167 | $168,287 |
Source: Ownwell
Property Tax Bills Across Blenheim, South Carolina
In Blenheim, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Homeowners in Blenheim, located in Marlboro County, typically see a wide range of tax bills. For instance, the 25th percentile tax bill is around $170, while the 75th percentile reaches up to $530. The 90th percentile tax bill can go as high as $1002. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. The median home price in Blenheim is $33,682, significantly lower than many national averages. Despite this, the property tax rate in the area remains competitive. Homeowners benefit from understanding these factors, as it allows them to anticipate their tax obligations and plan their finances accordingly. Comparing these local figures to the national median property tax rate of 0.99% provides further context for homeowners evaluating their property tax situation.
Average Blenheim Tax Bill
$276
Average Marlboro County Tax Bill
$278
Average South Carolina Tax Bill
$1,086
Average United States Tax Bill
$2,690
Property Tax Bills Across Blenheim, South Carolina
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 29516 | $35 | $170 | $276 | $530 | $1,002 |
Source: Ownwell